Depreciation is the process of allocating the cost of a tangible asset to the periods in which that asset will be used to generate revenues.  The use of this asset will lower its value over time due to wear and tear.   

I have learned a great deal about accounting this term and I am proud of my achievements!    Thank you for your attentiveness in this class and participating in the classroom exchange.   Best wishes for your future!

The entry to record depreciation contains a debit to which account?  And a credit to which account?   Debit entry in the first blank and credit entry in the second blank.  

The accounting treatment of a contingent liability is based on two requirements: Likelihood of occurrence and whether or not the occurrence is estimable.  If the contingency is ‘Reasonably possible” how should it be treated on the financial statements?

When recording an asset in the general ledger of a company which of the following costs will not be used in determination of the amount booked as the assets value?  

What famous saying is the result of Descartes’s doubt?

According to the book, some writers prefer to call ontology what?

Which view of epistemology sees the primary source of knowledge to be reason?

Find the x- and y-intercepts of the equation. y=x2+2x-35{“version”:”1.1″,”math”:”y=x2+2x-35″}

This set of ordered pairs represents y as a function of x.