Is it necessary to make provision for depreciation?
Question:
Is it necessary to make provision for depreciation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Yes it is necessary to make provision for depreciation as it is a charge against profit and is deducted from revenues independent of whether the compa...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 Business questions
-
Holmes Corporation is a leading designer and manufacturer of material handling and processing equipment for heavy industry in the United States and abroad. Its sales have more than doubled, and its...
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Large Mart has previously attempted to develop a study pillow which would have allowed students to upload study material into their brains whilst sleeping. However, Large Mart has recently discovered...
-
Reid Corporation's balance sheet at January 1, 20X9 reflected the following balances: Cash & Receivables $ 30,000 Inventory $ 75,000 Land $125,00 Building & Equipment (net) $850,000 Common Stock...
-
The Omega pharmaceutical firm has five salespersons, whom the firm wants to assign to five sales regions. Given their various previous contacts, the salespersons are able to cover the regions in...
-
Hunter, Inc. analyzed its accounts receivable balances at December 3 1 , and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible: % Considered...
-
Describe why healthcare decisions can change as circumstances change.
-
On January 1, 2017, Phantom Corp. acquires $300,000 of Spider Products, Inc. 9% bonds at a price of $278,384. The interest is payable each December 31, and the bonds mature on December 31, 2019. The...
-
1. (i) Calculate the current efficiency for the two EW experiments. You will need the average current for each test, which is total charge passed over the total plating time in seconds. (ii)...
-
State the main factors to be considered for determining the amount of depreciation.
-
What do you mean by the term depreciation?
-
Express the following Fahrenheit temperatures in degrees Celsius. (a) 101 F (b) -215 F.
-
i) Which species is being oxidized , Which species is being reduced ) Which species is the oxidizing agent CH3CHO (aq) + H2 (g) - CHaCH2OH (aq)
-
Why should a lender feel comfortable in providing debt finance for most of the project costs?
-
Consider this reaction: 2NHa(g) -> N2(g) + 3H2(g). If the rate A [H2]/At is 0.030 mol/ A[NHs]/At is:
-
How many milliliters of 0.653MNaOH are needed to neutralize 25.0mL of a 1cogWW HBr solution? The neutralization reaction is: NaOH(aq)+HBr(aq)-H_(2)OIl- NaBr(aq) 39.1mLNaOH
-
Data has been gathered on the maturities, coupon rates, and prices of a series of bonds with three years or less in maturity. Coupons are paid annually, and all bonds have a $1,000 par value. A...
-
Determine the Z parameters for the two port network shown.
-
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
-
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the...
-
How do I make a Magic8Ball game on Java that does the following: 1. When your program runs, it should prompt the user to ask a question, e.g.: "What would you like to ask the Magic 8 Ball?" 2. Your...
-
A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 1 5 units @ $ 4 2 = $ 6 3 0 August 5 Purchase 1 0 units @...
Study smarter with the SolutionInn App