Review Ch 11 ACCT 373

Review Ch 11 ACCT 373 - 1. W hich of the following...

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1. Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues? a. Associating cause and effect b . Systematic and rational allocation c. Immediate recognition d. Partial recognition 2. The term "depreciable cost," or "depreciable base," as it is used in accounting, refers to a. the total amount to be charged (debited) to expense over an asset's useful life. b. the cost of the asset less the related depreciation recorded to date. c. the estimated market value of the asset at the end of its useful life. d. the acquisition cost of the asset. 3. A principal objection to the straight-line method of depreciation is that it a. provides for the declining productivity of an aging asset. b . ignores variations in the rate of asset use. c. tends to result in a constant rate of return on a diminishing investment base. d. gives smaller periodic write-offs than decreasing charge methods. 4.
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Review Ch 11 ACCT 373 - 1. W hich of the following...

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