0
Though a piece of equipment is still being used the equipment should be removed from the accounts if it has been fully depreciated true or false?
Beckybrowneyes85
False
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What decreases accounts payable?
Making payments to the people to whom you owe money. Or perhaps, you've had a debt forgiven for some reason, this would also reduce the accounts payable (not too likely that this will happen though)
What are the advantages of Roth IRA accounts?
The main advantage of a Roth IRA is the fact that it may not be taxed by the US Government, though this is only true provided certain conditions are met.
Which company offers the cheapest merchant account?
If you compare most of the merchant accounts online you will find that there are a lot of differences in price but also in quality of the service. The cheapest of them all seems to be NAB though.
Do you close out allowance for doubtful accounts at end of year?
Allowance for doubtful accounts is a contra-asset account, but it relates for bad-debt expense. When increasing bad debt expense, you credit ADA and debit BDE. Allowance for doubtful accounts is just estimating how much you will need for these accounts, and bad debt expense is saying "see, i knew this would go bad" then you credit ADA. Bad debt expense does need to be closed out though! So... Debit ADA Credit Accounts receivable (This is when expenses are written off) then Debit BDE Credit ADA Bad debt expense needs to be closed out, by crediting expenses and then debiting Retained Earnings.
Is notes payable an asset or a liability?
Accounts Payable and Notes Payable are liabilities. Accounts receivable - assets All "payable" accounts are "liabilities". This is because a liability is something the company OWES, a payable is the very same thing, hence the term "payable". Though some payable accounts change from being a payable to an expense, they are still liabilities as long as they are "payable", these include: Interest Payable (liability until paid, then reverts to Interest Expense) Salary or Wages Payable(liability until paid, then reverts to salary or wage expense) Payable accounts maintain a "credit" balance, meaning they increase with a Credit and Decrease with a debit. Now the quick answer: Payable = Liability Receivable = Asset
How are cranes removed from the roof of tall buildings?
From what I have read: The crane "grows" using a jib, hydraulics, and sections. When the building is completed, the arms are dissassembled on the roof (they may be removed by another crane attached to a truck, or by other equipment on the roof?), and the process is then reversed (each section removed floor by floor by equipment inside the building). The jib is lowered as each section is removed, until there is nothing left, and the jib assembly is removed at ground level. I may need correction on this one though
Was Amelia Earharts plane sabotaged?
If it was, it was sabotaged by Earhart herself. She had some secondary radio equipment as original equipment on the plane that it is believed she either had removed or removed herself as "extra weight - not necessary". That radio unit could have been used to hone in on her position more clearly, and she could have also have used it to lock onto the Itasca, which she could not see, though it was in her immediate area.
Do control accounts get in the trial balance?
Control accounts cannot get into a trial balance because that would be tantamount to double entering the figures though individual accounts and then throuhg the trial control accounts.
Did gohan have a tail?
yes piccilo removed it though
What is Liam Payne have accounts in askfm?
He doesn't have one. There are many fakes though.
What are One Directions real facebook accounts?
I think it's just one direction but that's their fan page I don't know what their accounts are though
What are the two local accounts called which are created when windows is first installed?
ADMINISTRATOR and GUEST accounts, though the GUEST account is disabled by default in XP Home and XP Prof.
How do you make a mathletics accounts?
School accounts are handled by the teacher or school. Individual accounts can be purchased for an annual fee of $99 (USD), though with 2010 discounts offered as low as $59 (USD). (Students and minors must obtain accounts through their parents.)
Is school playground equipment safe?
Today, most school are taking measures in order to make sure that the equipment is in fact safe. All the equipment might not be safe though
How would one get free online minecraft accounts?
Unless you are gifted the game from a friend, you cannot get free premium minecraft accounts. You can register accounts without buying the game, though you will only be able to play creative.
What accounts for 35 percent of the earth's composition?
No *mineral* accounts for that much of Earth's composition, though the *element* iron makes up 32-35% of the mass of Earth
Does any one have a free member account?
On Clubpenguin, there are no FREE member accounts. There are free non-member accounts though. But if your a nonmember then you don't get to do certain things like decorate your igloo, own all of the puffles, buy clothing and equipment and even enter some rooms in clubpenguin parties. Personally, being a member on clubpenguin is really fun, but being a nonmember is sometimes fun too!
