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- True or False: increasing the salvage value increases depreciation expense.FalseTrue or False: decreasing the useful life increases depreciation expense.True Why are the answers false and true? Please explain!A student is defending a certain depreciation method. She uses the argument that repairs and maintenance costs will probably increase as the asset get older. She also argues that the asset will produce less as it gets older. What depreciation methos is she probably defending? a. Straight-line b. Sum-of-the-year's-digits c. Sinking-fund d. ActivityWhat is Accumulated Depreciation? I'm having a hard time understanding this concept. For example, what is Accumulated Depreciation - Equipment, and how is it recorded? Please explain.
- When determining the estimated useful life of an intangible asset which factor is NOT important to consider? Q24 Select one: a. The initial costs incurred in developing the intangible asset. b. The purpose for which the asset will be used and for how long the usage will last. c. Will competitors’ ability to enter the market have an impact on the estimated future demand for the products or the asset? d. With change in management teams, will the new management team be able to manage the asset effectively?What is Salvage Value? Can you relate this concept to a non-accounting concept? The book explains the Straight - Line depreciation methods (page 396). There are other methods that are important to know. Is the idea of depreciation to match the net book value of the asset to the market value of the asset? Why or why not?How do I find the car’s depreciation?
- What are the estimates when calculating depreciation Which estimates may be revised What happens when you make a change in estimate How the change affects future calculations Provide a simple example (if you cannot find one, make up your own) Cite and give credit to the author that you are citing I want the answer to the fifth question 5Depreciation under Diminishing Balance Method is calculated on? A. Scrap Value B. Book Value C. Cash Account D. Repair I will downvote for sure if u answer Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Dennis uses the Straight-line method to depreciate vehicles in his business. He would like to know whether this is the most appropriate method for this asset group. Justify your answer. A BI 18
- What do you understand by 'Depreciation'? How many methods of depreciation do we have? Explain your answer by using examples where necessarycan you give me an example of straight line depreciation and explain itWhich of the following is true regarding special issues in accounting for long-term assets? A. An assets useful life can never be changed. B. An assets salvage value can never be changed. C. Depreciation expense calculations may need to be updated using new and more accurate estimates. D. Asset values are never reduced in value due to physical deterioration.
