Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a) does the recognition of depreciation in the acc

a) Does the recognition of depreciation in the accounts provide a special "cash fund" for...

70.2K

Verified Solution

Question

Accounting

a) Does the recognition of depreciation in the accounts provide a special "cash fund" for the replacement of fixed assets?Explain your answer.

b) Describe the nature of depreciation as it is used in accounting (what does it accomplish?).

c) Which types of assets are amortized? Give some examples.

d) Which types of assets are depleted? Give some examples.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Two transformations are performed on a figure on a coordinate plane The first transformation is...

Geometry
Q

Jan sold her house on December 31 and took a $15,000 mortgage as part of the...

Finance
Q

Macon Company is considering a new assembly line to replace the existing assembly line. The existing...

Finance
Q

Compound A is a D-aldopentose that can be oxidized to an optically active aldaric acid B....

Chemistry
Q

the effective resistance across A and B in the given circuit A 1 52 3...

Physics
Q

Two identical capacitors A and B charged to the same potential 5V are connected in...

Physics
Q

CIRCLE A 60 5 CIRCLE B G 78 19 Select ALL the statements that are...

Geometry
Q

P and Q are partners in a firm sharing profits and losses in the ratio...

Accounting
Q

23. In general, the answer to all tax questions or issues must be traced to:...

Accounting
Q

complete, thank you On January 4, 2024,...

Accounting
Q

Case Selling price rwf Variable costs/unit rwf Total...

Accounting
Q

how to record buying 10 $100 gift cards at the bank using the debit card...

Accounting