Business College

The net book value of an asset represents the:

Answers

Answer 1

The amount at which an organization records an asset in its accounting records.

Answer 2

The netbook value of an asset represents the cost of the asset less depreciation.

Asset value reduces as a result of wear and tear. This is due to the usage of the asset and passage of time.

The monetary value of the part of the asset that have been used up over time, is what is regarded as accumulated depreciation, which means reduction in value.

Hence, the netbook value of an asset represents the cost of the asset less depreciation.

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Related Questions

A fierce debate exists between policymakers as to whether or not they should use monetary and fiscal policies to stabilize small fluctuations in the economy. Please determine which of the given statements could be used to support using policy to stabilize the economy and which might be used against such choices. In favor of using policy Not in favor of using policy

Answers

Answer:

Hello the options related to your question is missing attached below are the missing options

answer :

In favor of using policy

Fiscal policy can be used to cut spending and rein in excessive aggregate demand. This controls inflationPolicy makers can expand the money supply in order to increase aggregate demand

Not in favor of using policy

Fiscal policy, in particular is subject to long delays in the political process, which can affect its usefulnessMonetary and fiscal policy only take effect after a long lagBecause of the imprecision of economic forecasting, policy makers may end up causing more harm to the economy than good

Explanation:

Fiscal policy is simply the use of government, taxing and spending policy to influence the economic conditions of the country positively over time. and it can come in either ways. i.e. increase in government spending or lowering taxes by the government

In favor of using policy

Fiscal policy can be used to cut spending and rein in excessive aggregate demand. This controls inflationPolicy makers can expand the money supply in order to increase aggregate demand

Not in favor of using policy

Fiscal policy, in particular is subject to long delays in the political process, which can affect its usefulnessMonetary and fiscal policy only take effect after a long lagBecause of the imprecision of economic forecasting, policy makers may end up causing more harm to the economy than good

Tim, a single taxpayer, operates a business as a single-member LLC. In 2020, his LLC reports business income of $382,000 and business deductions of $668,500, resulting in a loss of $286,500. What are the implications of this business loss

Answers

Answer: See explanation

Explanation:

First, it should be noted that a threshold limit of $250,000 applies to the question according to IRS since Tim is a single taxpayer.

Therefore, the excess business loss will be:

= $286,500 - $250,000

= $36500

Therefore, Tim can use $250000 out of the loss of $286,500 to offset the non business income. Then, the excess business loss of $36500 will be treated as part of the NOL carryforward for Tim.

If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: production of many varieties of toothpaste, including those with whitening agents. quality differences among the various brands. setting the price of the product well below the price charged by the rivals. differentiation in the locations where certain toothpastes are available.

Answers

Answer:

setting the price of the product well below the price charged by the rival

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this

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