Depreciation of a massage table in a massage parlor is an administration expense
True/False
SOLLUTION
This statement is false
Depreciation of a massage table in a massage parlor is not a administration expense .
Because the depreciation on a massage table in a massage parlor is the facilities of a massage parlor and its customer is a component of manufacturing overhead
Depreciation of a massage table in a massage parlor is an administration expense True/False
Number of customers coming to a massage parlor follows a Poisson distribution with 1 = 4 customers per hour. Let the amount spent (in dollars) by a customer be distributed as N(80, 900). a.(4 points) If the shop opens at 9 am, what is the probability that the first customer arrives between 9:30 am and 10 am? b. (8 points) What is the probability that the parlor makes a revenue of more than $100 within an hour of its opening?...
QUESTION 7 Depreciation expense is a use of funds True False QUESTION 8 A firm's operating profit is equal to its EBIT True False QUESTION 9 Accrulas for a company are payables for serivces already rendered True False
Depreciation is a NON-CASH expense that affects how much income tax is paid. true or false?
Marla’s Massages and More bought a special massage table two years ago for $9,300. At the time, the accountants told Marla to depreciate the table using straight line depreciation over three years. Now there is a new and improved massage table out that Marla would like to buy, but she can get only $2,100 for the old table. Marla is in the 35% tax bracket. What is the after tax salvage value of the old table?
Total depreciation expense over an asset's useful life will be identical under all methods of depreciation. True or False True False
Accumulated depreciation is a liability. True False
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True False Question 8 (1 point) The Statement of Cash Flows includes both cash and cash equivalents when reporting cash flows True O False Question 9 (1 point) 'Investing activities occur when the owners of the business invest more cash in the business. True False Question 10 (1 point) Information to prepare the statement of cash flows usually comes from comparative balance sheets and the...
With a capital lease interest expense and depreciation expense are taken on the income statement instead of lease expense True or False
Which of the following is true about depreciation? Depreciation expense is a special kind of prepaid expense. Depreciation is an asset account. Depreciation reflects a decline in an asset's market value. Depreciation is not an expense account.
Depreciation expense is recorded as an expense and therefore a reduction of net income on the Company's income statement, but is considered a non-cash expense for purposes of determining cash flow from operations on the statement of cash flows. True or False?