Ch11 - Depreciation is a means of cost allocation, not a...

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     Depreciation is a means of cost allocation, not a matter of valuation.   True False Question  2 (1 point) Save      Depreciation, depletion, and amortization all involve the allocation of the cost of a long- lived asset to expense.   True False Question  3 (1 point) Save      The cost of an asset less its salvage value is its depreciation base. True False Question  4 (1 point) Save      The three factors involved in the depreciation process are the depreciation base, the useful life, and the risk of obsolescence.   True False Question  5 (1 point) Save      The major objection to the straight-line method is that it assumes the asset’s economic usefulness and repair expense are the same each year.  
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True False Question  6 (1 point) Save      The units-of-production approach to depreciation is appropriate when depreciation is a function of time instead of activity.   True False Question  7 (1 point) Save      An accelerated depreciation method is appropriate when the asset’s economic
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Ch11 - Depreciation is a means of cost allocation, not a...

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