zachstonemoreau
16.01.2021 •
Business
Most of the assets were bought a long
time ago and would worth much more
than the books show today.
What is the accounting principle?
Solved
Show answers
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Ответ:
Historical cost principle
Explanation:
Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.
Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.
Ответ:
92002-92012
Explanation:
The full meaning of CPT is Current Procedural Terminology. The Current Procedural Terminology is owned by the American Medical Association and it is used by them
Current Procedural Terminology is a set of medical codes that is used to report procedures carried out for medical, surgical and diagnostic reasons.
Current Procedural Terminology also reports medical, surgical and diagnostic services carried out on patients to Physician and Medical Insurance companies.
Current Procedural Terminology codes is divided into three. They are:
a. Surgical codes
b. Adjunctive Ophthalmology Codes
c. Evaluation and Management Codes
92002-92012 are the two CPT codes that are used for Review of history, external examination, ophthalmoscopy, biomicroscopy for an acute complicated condition (eg, iritis) not requiring comprehensive ophthalmological services.