Which of the following is not a requirement for an asset to be depreciable? (a) It must have a life longer than 1 year. (b) It must have a basis (initial purchase plus installation cost) greater than $1,000. (c) It must be held with the intent to produce income. (d) It must wear out or get used up.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is not a requirement for an asset to be depreciable? (a) It must have a life longer than 1 year. (b) It must have a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key factor in determining whether a business decision is ethical is how that decision​
Answers (1)
Andrew's Legal Services received $2,000 in advanced on June 1 from a client for a case to be completed next month. During the month of June, Andrew's completed $500 worth of work. The journal entry to record the revenue earned would be:
Answers (1)
Patrick, a marketing manager at Flares Inc, sets performance goals for his subordinates. He discusses the goals with one of his subordinates named Jim. Jim agrees to the specific goals and works toward achieving them.
Answers (1)
You currently have a one-year-old loan outstanding on your car. you make monthly payments of $ 400$400. you have just made a payment. the loan has four years to go (i. e., it had an original term of five years).
Answers (1)
A user was hired as the new security officer. One of the first projects was to take inventory of the company assets and create a comprehensive database. Which three pieces of information would the user want to capture in an asset database?
Answers (1)
New Questions in Business
Which of the following could be an ideal randomized controlled experiment to study the desired causal effect? A. Allow all students an extra day to study for the microeconomics exam.
Answers (1)
Does A Zebra Think Its Black On White or White On Black?
Answers (1)
Effective vision statements include a. financial objectives and projected figures. b. all strategic directions of the organization. c. strategic posturing and future objectives. d. a brief statement of the company's direction.
Answers (1)
True or false: people in business get ahead by meeting the needs of their consumers. as a result, both businesses and customers benefit from voluntary exchange.
Answers (1)
Jim and kathy have a contract with a term that is not clear. kathy and jim both have a different interpretation of the contract. if kathy wrote the contract, a court will
Answers (1)