Conceptual rationale for methods of matching depreciation

Assignment Help Accounting Basics
Reference no: EM13152082

Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues?

A. Associating cause and effect

B. Systematic and rational allocation

C. Immediate recognition

D. Partial recognition

Reference no: EM13152082

Questions Cloud

Non-controlling interest in kent total income : At the end of the year, 20% of the goods were still in X-Beams' inventory. Kent's reported net income was $300,000. What was the non-controlling interest in Kent's net income?
What will be the pressure of the gas : an ethylene gas torch reqires 3200 L of gas at 3.00 atm. what will be the pressure of the gas if ethylene is supplies by a 250. L tank?
Which is most likely to result in a speciation event and why : Explain the difference in artificial and natural selection and provide an example of artificial selection.
Determine the initial concentration of cells : For a specific type of cells after 3 hours, the concentration of cells per milliliter of solution is about 400/mL. After 10 hours, the concentration has gone up to 2000/mL. Determine the initial concentration of cells.
Conceptual rationale for methods of matching depreciation : Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues?
Derive the equation for the firm short-run total cost curve : Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
Determine the exact genotype of the pea plant : You were given a pea plant with long stems and axial flowers and are asked to determins its genotype. You know that the allele for long stem is dominant over short and the allele for axial flowers is dominant over terminal flowers. Describe the on..
Using least-squares regression estimate the variable cost : Using least-squares regression, estimate the variable cost elements of monthly car wash costs.
The wholesale cost of the fryers : The current price for whole fryers is $.89 per pound. The proposal is to set a promotional price of $.59 per pound. The wholesale cost of the fryers, prepackaged and ready for sale, is $.55 per pound.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the ending inventory

Northwest paid freight-in charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. What is ending inventory?

  Contract with the intent of hedging an account payable

A company enters into a futures contract with the intent of hedging an account payable of DM400,000 due on December 31. The contract requires that if the U.S. dollar value of DM400,000 is greater than $200,000 on December 31, the company will be r..

  Interest income and investment

GRP Corporation has $500,000 in a bank account paying 0.35% annual interest. As an alternative to leaving the money in the account, the company is considering investing the entire amount for five years. possible investments have been identified as..

  Dividends and net income

Use the following information and the percent-of-sales method to answer questions. For consistency with the Answer selections provided, please round your forecast percentages to two decimals.)

  Problem related to distribution deduction

During the year the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is:

  What is the ethical dilemma in this situation

Heidi Hart, the vice president of financial operations for Castle Candy Manufacturing Company and the controller, Linda Brown, are reviewing the financial statements for the prior two years of 2003 and 2004.

  Should dr. avard buy the machine

She also expected additional case expenses amounting to $3,000 per years. The cost of capital is 12%. Assume there are no income taxes.

  Prepare the operating activities section of statement

Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2007, for Guesser Company, using the indirect method.

  Better accounting system

How does a customer benefit by our spending $50,000 on a supposedly better accounting system?" How should the controller respond?

  What governing bodies set accounting standards

Financial statements are prepared in accordance with what? What governing bodies set accounting standards? Why do you think financial statements are required to be prepared using the same standards?

  Significant disadvantage of general partnership

Which of the following is a significant disadvantage of a general partnership

  Characteristic of absorption costing

What characteristic of absorption costing caused the drop in net operating income for the second quarter and what could the controller have said to explain the problem?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd