Write-down the value of assets, Accounting Basics

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Write-down the value of assets

Companies are supposed to write-down value of assets if a permanent impairment of value or loss of utility occurs. If a company writes down its assets this year the effect on:

This year's ROA Next year's ROA

A) Increased No change

B) Decreased No change

C) Decreased Decreased

D) Decreased Increased

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Accounting Basics: Write-down the value of assets

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Accounting Basics: Write-down the value of assets

Reference No:- TGS095194

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Recent Questions Asked Accounting Basics

Q : Actual manufacturing overhead for the year

Q : Net method and purchase discounts lost

Q : Unconsolidated requirement under gaap

Q : Capitalization of certain expenditures as intangible assets

Q : Write-down the value of assets

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Write-down the value of assets

Reference No:- TGS095194

Recent Questions Asked Accounting Basics

Q : Actual manufacturing overhead for the year

Q : Net method and purchase discounts lost

Q : Unconsolidated requirement under gaap

Q : Capitalization of certain expenditures as intangible assets

Q : Write-down the value of assets

Q : Full year of depreciation expense in the year

Q : Pension asset-liability on a company books

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Q : Deviations in accounting information

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