wileyplus 9

wileyplus 9 - Wileyplus9 Question1...

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Wileyplus   9 Question 1  For the composite method, the composite rate is the total annual depreciation divided by the total depreciable cost. life is the total cost divided by the total annual depreciation. rate is the total cost divided by the total annual depreciation. life is the total depreciable cost divided by the total annual depreciation. Click here if you would like to Show Work for this question Question 2  An impairment of property, plant, or equipment has occurred if the expected future net cash flows is less than the asset's carrying value. the revised estimated useful life is less than the original estimated useful life. the expected future cash outflows exceeds the asset's carrying value. the estimated salvage value is less than the actual proceeds received on disposal. Click here if you would like to Show Work for this question Question 3  Dillman Corporation owns machinery with a book value of $190,000. It is estimated that the machinery will generate future  cash flows of $175,000. The machinery has a fair value of $140,000. Dillman should recognize a loss on impairment of $50,000. $35,000. $-0-. $15,000. Question 4  The method that does not deduct salvage value in computing depreciation is the: straight-line method. activity method. declining-balance method.
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Wileyplus   9 sum-of-the-years' digits method. Question 5  An impairment loss is the excess of the carrying amount of an asset over the: expected future net cash flows. present value of expected future net cash flows. asset's fair value. asset's book value. Question 6  Which of the following depreciation methods is an accelerated depreciation method? Composite. Straight-line. Sum-of-the-years' digits. Activity.
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Question 7  When is the restoration of an impairment loss permitted? On 
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wileyplus 9 - Wileyplus9 Question1...

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