Is land a depreciable asset? Why or why not?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Land is not a depreciable asset because land has an ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?
-
A depreciable asset costs $10,000 and has an estimated salvage value of $1600 at the end of its 6-year depreciable life. Compute the depreciation schedule for this asset by both SOYD depreciation and...
-
A subsidiary sold a depreciable asset to the parent company at a profit in the current period. Will the income assigned to the noncontrolling interest in the consolidated income statement for the...
-
You expect that Bean Enterprises will have earnings per share of $3 for the coming year. Bean plans to retain all of its earnings for the next three years. For the subsequent two years, the firm...
-
(a) What energy photons can pump chromium atoms in a ruby laser from the ground state to its second and third excited states? (b) What are the wavelengths of these photons? Verify that they are in...
-
The WS Music Club was formed on 1 June 208. The following information was provided for the year ended 31 May 209: Additional information: 1. The club has 240 members. The annual subscription is $50....
-
If the assembly fits snugly between the two supports A and C when the temperature is T 1 , determine the normal stress developed in both segments when the temperature rises to T 2 . Both segments are...
-
Do you think leadership is more important or less important in todays flatter, team-based organizations? Are some leadership styles better suited to such organizations as opposed to traditional...
-
Legal Encyclopedia Research - Fact-Based Research on the Twain fact pattern Go back to the home page in Lexis, then click on the "Secondary Materials" link in the "Explore Content" box. Under the...
-
Using numerical locants and the names in Table 11.1 as a guide, give an acceptable IUPAC name for each of the following compounds: (a) Estragole (principal (b) Diosphenol (used in(c m-Xylidine (used...
-
Why are natural resources called wasting assets?
-
Define amortization. What kind of assets are amortized?
-
On December 18, 2017, Stephanie Corporation acquired 100 percent of a Swiss company for 4.0 million Swiss francs (CHF), which is indicative of book and fair value. At the acquisition date, the...
-
How do patterns help the software developer?
-
Punch Manufacturing Corporation owns 80 percent of the common shares of Short Retail Stores. The companies balance sheets as of December 31, 20X4, were as follows: Short Retails 8 percent preferred...
-
Find transmittance \(\frac{\mathrm{X}(s)}{\mathrm{F}(s)}\) for the system shown in Fig. P1.5 tro 0000 K M B x (t)
-
Distinguish between attribute and value.
-
What is the difference between an essential and a real use case?
-
Why should a profit-making organization be socially responsible to its various stakeholders?
-
Suppose that you are part of a virtual team and must persuade other team members on an important matter (such as switching suppliers or altering the project deadline). Assuming that you cannot visit...
-
What -emitting radionuclide can be used to treat breast cancer?
-
On January 1, 2018, Tinicum Company estimated that its total overhead costs for the coming year would be $646,000 and that it would make 34,000 units of product. Tinicum actually produced 34,600...
-
Pleasant Hill Manufacturing Company incurred actual overhead costs of $312,000 during 2018. It uses direct labor dollars as the allocation base for overhead costs. In 2018, actual direct labor costs...
-
Creek Company and Fort Company base their predetermined overhead rates on machine hours. The following information pertains to the companies' most recent accounting periods: Creek Fort Actual machine...
-
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd...
-
You go to the hardware store to buy a new 50 ft garden hose. You find you can choose between hoses of inch and inch inner diameter. Compare the rate at which water flows through the two types of...
-
Miller Company's contribution format income statement for the most recent month is shown below: Sales (32,000 units) Variable expenses Total $ 224,000 128,000 Contribution margin 96,000 Per Unit $...
Study smarter with the SolutionInn App