How and why is the matching rule applied to the cost of a building?
The matching rule requires that the cost of a building be allocated over the period the building benefits the company (useful life of the building). This allocation of cost is in the form of depreciation expense that appears annually on the income statement. This conversion of asset cost into expense occurs over the same years that the building aids the company in earning revenue. As a result of this matching of expense with revenue, the financial statements more accurately measure the entity's performance over the years.
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The first step for practicing successful mental practice is:
a. focusing on the challenging situation b. relaxing, concentrating, and focusing c. mentally rehearsing d. closing your eyes
All other things being equal, as the time period for receiving an annuity lengthens,
a. the related present value factors increase. b. the related present value factors decrease. c. the related present value factors remain constant. d. it is impossible to tell what happens to present value factors from the information given.
An activity with a learning rate of 0.85 takes 25 hours for the first iteration. How long will it take to complete this task for the 15th time?
A) 12.55 hours B) 12.85 hours C) 13.15 hours D) 13.25 hours
A risk of the ________ financing strategy is unpredictable interest expense
A) aggressive B) conservative C) permanent D) seasonal