Depreciation does not involve movement of cash, therefore unnecessary in accounting for an entity’s performance, Discuss?
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A: Answer (4). Option A is the correct answer.
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Q: Which of the following will NOT appear in the cash flows from operating activities?
A: Answer: Option e.
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A: Here is the Answer
Q: depreciation does not involve the movement of cash,therefore uncessary in accountiong for an…
A: Depreciation is charged to allocate the cost of the asset over the useful life of the asset. This is…
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Q: Present an argument to support the idea that your company’s land should not be depreciated, even…
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Q: Depreciation does not involve movement of cash, but necessary in accounting for an entity’s…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
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A: Option C - Cash Payment is not a pervasive expense recognition principle.
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A: solution : which one of the following is used in determination of the financial position of an…
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A: Cash flow statement is one of the four main financial statement. Cash flow statement shows the…
Q: What is the difference between depreciation expense and accumulated depreciation?
A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…
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A:
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A: generally all the temporary accounts are closed at the end of fiscal year to the income…
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A: Statement of cash flows is prepared to analyze the cash flows during the period
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A: Cashflow Statement of a company shows the liquidity and solvency position of the company.
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A: a. Measuring property, plant, and equipment subsequent to acquisition: This is an incorrect option…
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A: Depreciation accounting is an accounting process through which allocation of an asset’s cost during…
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- depreciation does not involve the movement of cash,therefore uncessary in accountiong for an entity's performanceDepreciation does not involve movement of cash, but necessary in accounting for an entity’s performance, Discuss? Discuss, using a numerical example why at certain instances the account has both debit and credit balance brought down?Present an argument to support the idea that your company’s land should not be depreciated, even though the property on the land is depreciated? Using practical example describe how International Accounting Standard 40 would apply to Assets in your company? Depreciation does not involve movement of cash, therefore unnecessary in accounting for an entity’s performance, Discuss?
- Depreciation is incorporated in cash flows because it: A. Is unavoidable cost B. Is a cash flow C. Involves an outflow D. Reduces tax liabilityHow are assets to be reported when the liquidation basis of accounting is being applied?a. At cost less accumulated depreciation.b. At the estimated amount of cash to be received.c. At fair value.d. At the lower of cost or market value.Assume that the assets are converted to cash at the estimated current values and the business is liquidated. What amount of cash will be available to pay unsecured non priority claims?
- The cost of new non-current assets is a cash payment not an expense in the statement of profit or loss? True FalseWhich sentence is incorrect? Select one: a. Depreciation is not the actual change in the value of the asset. b. Accumulated Depreciation account has effects on the cash flow statement. c. Accumulated Depreciation is called a contra asset account. d. Depreciation is the process of allocating the cost of an asset to expense, not a valuation process.Choose the correct. How are assets to be reported when the liquidation basis of accounting is being applied?a. At cost less accumulated depreciation.b. At the estimated amount of cash to be received.c. At fair value.d. At the lower of cost or market value.
- Gains and losses on disposals of assets: Why are gains and losses on disposals of assets treated as adjustments to the cash flows from operations but the cash part of the transaction is a source of funds under the investing section? Shouldn’t it all go under one section?Which of the following is NOT true of revenue expenditure? It is an expenditure that keeps an asset in working condition. It is an expenditure which involves cash It will be debited from the statement of profit or loss It is an expenditure which affects the assets of the business.If depreciation expense is not recorded how would that affect financial statements and decision-makers?