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examen acco 302

# examen acco 302 - UNIVERSIDAD DEL TURABO ESCUELA DE...

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UNIVERSIDAD DEL TURABO ESCUELA DE NEGOCIOS Y EMPRESARISMO GURABO, PUERTO RICO NOMBRE: FECHA: NÚM EST: PROF. J. PIÑEIRO NÚÑEZ – ACCO 302 EXAMEN II Multiples Choice (5 points each) 1. Pike Co. purchased a machine on July 1, 2010, for \$400,000. The machine has an estimated useful life of five years and a salvage value of \$80,000. The machine is being depreciated from the date of acquisition by the 150% declining- balance method. For the year ended December 31, 2010, Pike should record depreciation expense on this machine of a. \$120,000. b. \$80,000. c. \$60,000. d. \$48,000. 2. On April 1, 2009, Verlin Co. purchased new machinery for \$240,000. The machinery has an estimated useful life of five years, and depreciation is computed by the sum-of-the-years'-digits method. The accumulated depreciation on this machinery at March 31, 2011, should be 3. Hahn Co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of Hahn's depreciable assets at December 31, 2011 are as follows: Acquisition year 2009 Cost \$140,000 Residual value 20,000 Accumulated depreciation 96,000 Estimated useful life 5 years Using the same depreciation method as used in 2009, 2010, and 2011, how much depreciation expense should Hahn record in 2012 for this asset? Examen II 1 ACCO 302

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4. A depreciable asset has an estimated 15% salvage value. At the end of its estimated useful life, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods? Straight-line Productive Output
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examen acco 302 - UNIVERSIDAD DEL TURABO ESCUELA DE...

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