achivmt_test_answ9

achivmt_test_answ9 - 9th Edition Chapter Test 9A Financial...

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9th Edition Financial and Managerial Accounting Warren/Reeve Chapter Test 9A FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Answers Scoring A
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TEST 9A (Concluded) 0. The depreciation method that varies the amount of depreciation with the asset’s usage is called . ............................................................................... units-of-production 0. ____ 1-2. Three common depreciation methods are units-of-production, 1. _________________________, and . ........................................................ 1. ____ 2. _________________________. . ................................................................ 2. ____ 3. The periodic write-off of the cost of an intangible asset to expense is called 3. ____ 4. Costs that are chargeable to an asset account or its related accumulated depreciation account are termed . ............................................................... 4. ____ 5. Cost of an asset minus its accumulated depreciation is called . ................. 5. ____
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6. Long-lived assets that are useful in the operations of a business, that are not held for sale, and that have no physical qualities are usually classified on the balance sheet as . ............................................................................ 6. ____ 7-9. The following expenditures are related to land acquired for use by a busi- ness. Indicate the account that should be debited for each expenditure …
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This note was uploaded on 04/27/2008 for the course ACG 2021 taught by Professor Cobb during the Spring '08 term at Saint Petersburg.

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achivmt_test_answ9 - 9th Edition Chapter Test 9A Financial...

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