Which one of the following does not constitute a probable relationship between accounts? a. Equipment and depreciat...
Which one of the following does not constitute a probable relationship between accounts?
| a. |
Equipment and depreciation. |
|
| b. |
Assets under capital leases and amortization. |
|
| c. |
Oil reserves and depreciation. |
|
| d. |
Patent and amortization. |
Homework Answers
| Option C is the answer | |
| All the natural resources like timber, oil reserves are depleted. Not depreciated. Hence this doesn't constitute a probable relationship between accounts |
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Which one of the following does not constitute a probable relationship between accounts? a. Equipment and depreciat...
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requirement 2 Plz
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8B-1. RASPBERRY Corporation's chart of accounts includes the following categories: Land, Equipment, Patents. Copyrights, and Coal Reserves. RASPBERRY completed the following transactions during the year: Jan 2 Feb 3 Purchased Equipment for $140,000 cash; RASPBERRY also had to pay 10% tax and a $6,000 license fee. Purchased a coal field with 40,000 tons of coal reserves for $2,000,000 cash. Purchased a copyright from another company for $120.000 cash. Purchased a patent and a piece of land for a lump sum...
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requirement 2 Plz
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