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Quiz 11 - 1 StudentResponse Value CorrectAnswer Feedback A...

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1.   Which of the following principles best describes the conceptual rationale for the methods of matching  depreciation expense with revenues?    Student Response Value Correct Answer Feedback A.  Associating cause and effect      B.  Systematic and rational allocation 100%       C.  Immediate recognition  d. Partial recognition      Score: 1/1    2.     
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If an industrial firm uses the units-of-production method for computing depreciation on its only plant asset,  factory machinery, the credit to accumulated depreciation from period to period during the life of the  firm will    Score: 1/1    3.      Roberts Truck Rental uses the group depreciation method for its fleet of trucks. When it retires one of its trucks  and receives cash from a salvage company, the carrying value of property, plant, and equipment will  be decreased by the    Score: 1/1    4.
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