Is it necessary to make provision for depreciation?
Question:
Is it necessary to make provision for depreciation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
Yes it is necessary to make provision for depreciation as it is a charge against profit and is deducted from revenues independent of whether the compa...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Holmes Corporation is a leading designer and manufacturer of material handling and processing equipment for heavy industry in the United States and abroad. Its sales have more than doubled, and its...
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Large Mart has previously attempted to develop a study pillow which would have allowed students to upload study material into their brains whilst sleeping. However, Large Mart has recently discovered...
-
Reid Corporation's balance sheet at January 1, 20X9 reflected the following balances: Cash & Receivables $ 30,000 Inventory $ 75,000 Land $125,00 Building & Equipment (net) $850,000 Common Stock...
-
The Omega pharmaceutical firm has five salespersons, whom the firm wants to assign to five sales regions. Given their various previous contacts, the salespersons are able to cover the regions in...
-
(a) What temperature gas would have atoms moving fast enough to bring two 3 He nuclei into contact? Note that, because both are moving, the average kinetic energy only needs to be half the electric...
-
Explicar las etapas en el proceso de venta personal. OA4
-
Are marketers to blame for increasing obesity rates among children? Should the government ban the advertising of food products to children ages 17 and younger? Discuss the consequences of imposing...
-
Hb9-Jf Company applies overhead to products using a pre-determined overhead rate of 140% of direct labor cost. Hb9-Uf Company reported the following inventory balances for the month of July: Direct...
-
State the main factors to be considered for determining the amount of depreciation.
-
What do you mean by the term depreciation?
-
The following cash book was completed for the month of August 2013: However, it came to light shortly after completion that the following items have been omitted from the cash book: Bring the cash...
-
The requirement for extended disclosures for oil and gas reserves described in Chapter 2 followed a Congressional hearing on the poor disclosures that Shell Oil had for its reserves. A.Explain three...
-
Question 9 Big Data techniques implemented in the financial sector include: fraud detection O marketing email campaign O customer relationship management techniques O inventory analysis
-
Problem 8-19A Attaining notfonpmt entity variances The Redmond Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the organization...
-
Kay, who is not a real estate dealer, sold an apartment house to Polly during the current year (2020). The closing statement for the sale is as follows. Total selling price $190,000 Add: Polly's...
-
1 English Writing Requirement Assignment Guidelines Sem 1 2023-24 Subject code AAE1D02 Subject title Introduction to Space Exploration Credit value 3 CAR Teachers Prof. WEN Chih-Yung, Prof. WU Bo,...
-
Las Vegas Corporation is in the business of developing software used exclusively by multinational corporations. Among its assets are innovative soft ware, valuable trademarks, outstanding corporate...
-
Find an equation of the given line. Slope is -2; x-intercept is -2
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App