Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the plant manager of a manufacturing firm suggeste

The plant manager of a manufacturing firm suggested in a conference of the company's executives...

80.2K

Verified Solution

Question

Accounting

The plant manager of a manufacturing firm suggested in a conference of the company's executives that accountants should speed up depreciation on the machinery in the finishing department because improvements were rapidly making those machines obsolete, and a depreciation fund big enough to cover their replacement is needed. Discuss the accounting concept of depreciation and the effect on a business concern of the depreciation recorded for plant assets, paying particular attention to the issues raised by the plant manager. Answere should be a minimum of 150 words.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

NH3 is a weak base (Kb = 1.8 × 10–5) and so the salt NH4Cl...

Chemistry
Q

Select the correct answer to the following multiple-choice questions. Briefly explain your choice. 16. The von Mises...

Civil Engineering
Q

no copy paste please ABC Company is a leading showroom in selling branded Cars. The showroom is...

General Management
Q

John Endler hypothesized that female guppies prefer to mate with the most brightly colored males...

Biology
Q

Reactions to this current discussion on LOANS affecting parents retirement trajectory Would you do this...

Biology
Q

The resistance of the wire in platinum resistance thermometer at ice point is 3 2...

Physics
Q

Fruit cocktail comes in large and small cylindrical cans The larger can has a radius...

Geometry
Q

Convert 70 in. to cubic centimeters. Round your answer to the nearest thousandth, if necessary.

Basic Math
Q

A(n) sequence is a function whose domain is {1, 2, 3, ..., n}, where n...

Algebra
Q

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

Accounting
Q

Hearty Soup Co. uses a process cost system to record the costs of processing soup,...

Accounting
Q

Invest Now or Later? Twins Natalie and Kaitlyn are both age 29. They both live...

Finance