What account is decreased in the journal entry to record an expenditure that extends the life of a plant asset?
What will be an ideal response?
Accumulated Depreciation
If a capital expenditure extends the life of an asset rather than improving the asset's quality of service, accountants view the expenditure as canceling some of the depreciation previously charged to expense. The event is still an asset exchange; cash decreases, and the book value of the machine increases. However, the increase in the book value of the machine results from reducing the balance in the contra asset account, Accumulated Depreciation.
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Which of the following accurately describes a lifestyle center?
A) It is the new term for a redesigned central business district that provides a rich variety of services and products. B) It is a form of a superregional center. C) It combines the feel of a neighborhood park with the convenience of a strip mall. D) It is a freestanding retail operation that has designated itself as a shopping destination. E) It is a nontraditional retail center that offers marketers more flexibility than a shopping center.
Is electronic communication, such as e-mails and instant messaging, the most ef?cient and productive means of communicating in the workplace?
A) Yes. B) No.
The selling formula approach to making a sales presentation is really a combination of the prepared sales presentation approach and the consultative selling approach.
Answer the following statement true (T) or false (F)
If simulation results do not match the intuition or judgment of the decision maker, a ________ gap in the results can occur
Fill in the blanks with correct word