Question: 1. Explain the type of depreciation method that Amazon uses and why they use this method. And 2. Identify an example of an adjusting entry

1. Explain the type of depreciation method that Amazon uses and why they use this method. And

  1. 2. Identify an example of an adjusting entry (other than depreciation), such as prepaid expenses, supplies, or unearned revenue, and whether or not that Amazon has this account listed on the balance sheet. You should consider why this might not be listed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Ayres Services acquired an asset for $112 million in 2021. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the...

Q:

i need help with my home work Continue to work with Target. Specifically, the following critical elements must be addressed: IV. Adjusting Entries: For this part of the assessment, you will continue...

Q:

Continue to work with Target. Specifically, the following critical elements must be addressed: IV. Adjusting Entries: For this part of the assessment, you will continue your financial analysis paper....

Q:

Information for year 2017 are provided. Can you be more expilcit about what you need? you have every information already Balance Sheet(values in 000's) period ending 1/28/2017 1/30/2016 current...

Q:

Google 2016 annual report-target corporate to get all the necessary information Analysis fo year 2017 Balance Sheet (values in 000's) period ending 1/28/2017 current assets cash and cash equivalents...

Q:

Balance Sheet(values in 000's) period ending 1/28/2017 1/30/2016 current assets cash and cash equivalents 2,512,000 4,046,000 short-term investments 0 0 net receivables 0 0 inventory 8,039,000...

Q:

Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements Determine appropriate accounting...

Q:

This is the third of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element IV: Adjusting Entries and Critical Element...

Q:

Specifically, the following critical elements must be addressed for Sears: IV. Adjusting Entries: For this part of the assessment, you will continue your financial analysis paper. A. Explain the type...

Q:

Explain the type of depreciation method Amazon uses and why they use this method. B. Identify an example of an adjusting entry (other than depreciation), such as prepaid expenses, supplies, or...

Q:

************for Ikea***************************** Explain the type of depreciation method Ikea uses and why they use this method. 1 Identify an example of an adjusting entry (other than...

Q:

On 30 June 2020, Small Ltd leases a large item of machinery from Fred Ltd. Small Ltd makes an initial payment of $200 000 on 30 June 2020 when the least term starts. All remaining lease payments are...

Q:

Consider a perpetuity that pays you $1,000,000 every 6 months. Assume that the interest rate is 5%. You want to estimate the change in the value of your perpetuity when the interest rate suddenly...

Q:

: When performing a social media content audit, begin by looking at all of the content you ve posted in the last _ _ _ _ _ _ _ _ _ .

Q:

Tina watson purchased a classic 1961 Corvette and plans to rebuild it. she needs to borrow 18000$ for 180 days. at the simple discount rate 10% , find the amount

Q:

A company has been using the equity method to account for its investment. The company sells shares and does not continue to have significant influence. Which of the following statements is true? A) A...

Q:

Q1) Jack and Jill are in the highest marginal tax bracket in Ontario and have maxed-out both their TFSA and RRSP. They have no more room in either tax-shelters and are in the 54% marginal tax rate on...

Q:

The correlation between the daily percentage changes of the spot price and futures price of a commodity is 0.95, and the standard deviations of daily percentage changes of the spot price and the...

Q:

CAFE (Corporate Average Fuel Economy) standards require that the average fuel economy of all the cars that a car manufacturer sells must meet a certain target of 30 miles per gallon (mpg) or the...

Q:

Sitting in his office, Nic, team leader for a marketing group, thought about the conflict that was occurring in his marketing team. In the beginning, everyone had been enthusiastic about working as a...

Q:

2. In this chapter, the reader should reflect on the following concepts: Context, winwin, win-lose, ambiguity, mental model, point of reference.

Q:

2. In this chapter, the reader should reflect on the following concepts: Patterns, symmetrical relationships, complementary relationships.

Q:

1. To provide insight into how setting an overly narrow boundary can give a mes-sage a specific meaning, while setting a wider boundary can give a completely different meaning.