« previous next »

Author Question: What is the rule regarding depreciation of federal capital assets classified as general property ... (Read 66 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jul 5, 2018
What is the rule regarding depreciation of federal capital assets classified as general property plant and equipment (General PP&E)?
 
  a. All General PP&E is capitalized and depreciated.
  b. General PP&E is capitalized and depreciated only for federal business-type activities.
  c. All General PP&E is expensed at the time of acquisition.
  d. Federal agencies have the option of depreciating or not depreciating General PP&E.

Question 2

The total on the Cash Receipts report generated by QuickBooks software at January 31 would be equal to the
 a. total revenue earned for the month of January
  b. total of the purchases journal on January 31
  c. total of the Cash Dr. column of the cash receipts journal in a manual system
  d. balance in Accounts Receivable at January 31


Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f
A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi
Natural capital degradation Natural capital degradation
U.S. Study on Identity Achievement With age, more young people are classified in identity achieveme U.S. Study on Identity Achievement With age, more young people are classified in identity achieveme
Find derivative using product rule Find derivative using product rule
Trapezoidal Rule Graph Trapezoidal Rule Graph
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library