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ch11a - Question 1(1 point Extreme Manufacturing purchased...

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Question 1    (1 point) Extreme Manufacturing purchased machinery as follows: Cost $39,000 Residual 4,500 Estimated useful life 5 years Under the double-declining-balance method, what will depreciation expense be for Year 2?  Student response: Student Response Answer Choices a. $9,360 b. $5,616 c. $1,116 d. $15,600 Score: 1 / 1   Question 2    (1 point) How is the depreciation process consistent with the matching principle?  Student response: Student Response Score: 1 / 1   Question 3    (1 point) Trading and available-for-sale securities are reported on the balance sheet at  Student response: Student
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Response Score: 1 / 1   Question 4    (1 point) The "using-up" process or utilization of intangible assets is referred to as  Student response: Student Response Score: 1 / 1   Question 5    (1 point) When accountants use the term "deferred charge," they are referring to a situation in which a(n)  Student response: Student Response
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