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The term ____________ is used to indicate the process of allocating a prepaid expense to accounting periods during which there are benefits realised from the depreciable equipment.

The term ____________ is used to indicate the process of allocating a prepaid expense to accounting periods during which there are benefits realised from the depreciable equipment. Correct Answer Cost Depreciation

The methods employed to determine the cost depreciation are arbitrary and they have to be arbitrary because it is not possible to carry out tests, either theoretically or practically, to work out the rate of consumption of the economic productive usefulness of depreciable equipment.

Related Questions

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
Aman's expense is 30% more than Vimal's expense and Vimal's expense is 10% less than Raman's expense. If the sum of their expenses is Rs. 6447, then what would be the Aman's expense?
In the following question, an idiom is given. It is then followed by three sentences which may or may not accurately represent the meaning of the idiom. Choose the best set of alternatives from the five options given below of the sentences which embody the meaning of the given idiom perfectly. Spare no expense  A. He is a person who spares no expense,  even to help strangers, because he always comes to the help of the old and the children in difficulties. B. We had made a point of spare no expense by declaring that we were not going to sign the agreement. C. When Ishika goes on a vacation, she spares no expense.
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Initially, there are 25 people on a trip. Due to the addition of 15 more people on the trip, the expense for accommodation is increased by Rs. 5000 and the average expense per person is reduced by Rs. 62.5. What is the new expense for accommodation?
Leela has a terrace garden for which she buys supplies from a gardener on a monthly basis. Her expense pattern is as follow. Item % Expense New species of plants 20 Compost 40 Mud 10 Cowdung 20 Other supplies 10   If she spends Rs. 750 on Compost, what will be her expected expense on new plants?