Discussion Topic 1 (Note: Briefly in your own words 1 paragraph minimum.) Depreciation: 1. What impact do you...

60.1K

Verified Solution

Question

Accounting

Discussion Topic 1 (Note: Briefly in your own words1 paragraph minimum.)
Depreciation:
1. What impact do you think depreciation has on a constructioncompany from a financial standpoint?
2. Why do you think we need to depreciate some assets but notothers?

Answer & Explanation Solved by verified expert

3.9 Ratings (637 Votes)

Answer part 1 Depreciation is a noncash expense charged on tangible fixed assets such as construction equipment buildings machines computers vehicles etc The depreciation has a direct impact on the net profits of a construction company but doesnt impact the cash flows being a noncash expense The depreciation has a See Answer

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

Discussion Topic 1 (Note: Briefly in your own words 1 paragraph minimum.) Depreciation: 1. What impact do you...

60.1K

Verified Solution

Question

Accounting

Discussion Topic 1 (Note: Briefly in your own words1 paragraph minimum.)
Depreciation:
1. What impact do you think depreciation has on a constructioncompany from a financial standpoint?
2. Why do you think we need to depreciate some assets but notothers?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

Two of the three electrons in a lithium atom have quantum numbers of n = 1,...

Exam 15 13 A thermodynamical 3 A m C process is shown in figure with...

Let there be four articles having colours blue red black and white When they are...

Find an angle between 0 and 27 that is coterminal with the given ang 5A...

The Income statement and selected balance sheet Information for Direct Products Company for...

do not understand why these are wrong? ...

Sage Co. acquired 25% of the 540,000 shares...

Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second...

Phil, an Ontario resident, ordered a customized motorbike on February 1st with delivery on June...

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...

28. Compu-Ghana is an IT firm with good growth prospects. The firm wishes to do...

Today on 16 March 2021, a US company gets an export order from a customer...

Discussion Topic 1 (Note: Briefly in your own words 1 paragraph minimum.) Depreciation: 1. What impact do you...

60.1K

Verified Solution

Question

Accounting

Discussion Topic 1 (Note: Briefly in your own words1 paragraph minimum.)Depreciation:1. What impact do you think depreciation has on a constructioncompany from a financial standpoint? 2. Why do you think we need to depreciate some assets but notothers?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

Discussion Topic 1 (Note: Briefly in your own words1 paragraph minimum.)
Depreciation:
1. What impact do you think depreciation has on a constructioncompany from a financial standpoint?
2. Why do you think we need to depreciate some assets but notothers?