Why do you think it would be confusing to call the accumulated provision for depreciation account the
Question:
Why do you think it would be confusing to call the accumulated provision for depreciation account the 'provision for depreciation account'?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Use of the term provision for depreciation account can be very confusing as the name of the account ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
The Weld, Bergevin, and Magrath article points out that if a company is going to intentionally manipulate earnings, they must be astute enough to present financial statements that still seem...
-
Children's Hospital & Clinics COO Julie Morath set out to change the culture by instituting a policy of blameless reporting, which encourages employees to report anything that goes wrong or seems...
-
The quarter system. Many universities operate on a four-term quarter system that requires class registration four times per year as opposed to semester systems that require class registration just...
-
On the income statement for the year ending December 31, Y1, the accountant for ABC calculated operating income before taxes of $300,000. This $300,000 did not include the effect of any of the...
-
How would you describe/define strategy?
-
Assume that Merck has filed a trademark application for the name of its new drug. How long will trademark protection for this mark last?
-
What is homeostasis?
-
The following is a list of activities that companies perform in relation to their receivables. 1. Selling receivables to a factor. 2. Reviewing company ratings in The Dun and Bradstreet Reference...
-
Complete the number pattern so that the number in each blue (larger) circle is the sum of the two numbers in the adjacent grey (smaller) circles. Indicate whether the solution is unique. A = A B B=...
-
What advantages are there in making this exception to the rule by using 'depreciation' rather than 'accumulated provision for depreciation' in the entry in the statement of profit or loss?
-
A company starts in business on 1 January 2014, the financial year end being 31 December. You are to show: (a) The equipment account. (b) The provision for depreciation account. (c) The statement of...
-
An atom has no lone pairs of electrons on it and four other atoms bound to it. Why is 109.5 the bond angle adopted by this molecule?
-
5) Assume you have a drawer of Tupperware bowls and lids. There are 4 large bowls, 5 medium bowls, and 6 small bowls. There are 6 large lids, 8 medium lids and 5 small lids. Assume you randomly...
-
TABLE 17.4 Modified Accelerated Cost Recovery System (MACRS) for assets placed in service after December 31, 1986 Class recovery period (life) 3-year* 5-year 7-year* 10-year* 15-year 20-yeart...
-
3. Candy and Tim share a paper route. It takes Candy 54 minutes to deliver all the papers, whereas Tim takes 108 minutes. How long does it take them when they work together?
-
Once a candidate is registered for the LEED exam, and thus her/his application is active, the number of successive attempts permitted for a LEED Green Associate or LEED Accredited Professional exam...
-
he ages of first graders on September 1 at Garden Elementary School are uniformly distributed from 5.8 to 7.4 years. a) Find the mean age of first graders at the school on September 1. b) Find the...
-
A certain spring is found not to obey Hooke's law; it exerts a restoring force Fx(x) = -ax _1Jx2 if it is stretched or compressed where a - 60.0 N/m and f3 - 18.0 N/m2. The mass of 1he spring is...
-
Use integration by parts to evaluate the following. Check your answer by taking the derivative. x2e-xdx
-
1. Given f(x)=4x-3x a) (f+g)(x) c) (f-g)(x) e) f(x)g(x) 4 g(x)= and 2x-7, determine the following and state the domains for each b) g(f(x)) d) f(g(x)) f(x) f) 8(x) 2. A golfer hits a ball up in the...
-
Create a program in Java to generate Fibonacci series up to n terms.
-
It is not always so simple to make the distinction between ads that are persuasive and those that are misleading because advertisers know how to walk a fine line between truth and fiction. With...
Study smarter with the SolutionInn App