FinMan10e_ATest_ch09

FinMan10e_ATest_ch09 - 10th Edition FINANCIAL &...

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10th Edition CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 9A Score % Name Course Section NOTE: Each of the 50 correct answers is assigned a weight of 2%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—30% INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the A
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TEST 9A (Concluded) Answers column. For Scoring STATEMENTS Answers 0. The depreciation method that varies the amount of depreciation with the asset’s usage is called . ..................................................................... units-of-production 0. ____ 1–3. Three factors taken into consideration when depreciation expense is calculated are: 1. _________________________,. ............................................................. 1. ____ 2. _________________________, and. ..................................................... 2. ____ 3. _________________________. . ........................................................... 3. ____
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4. Costs that are chargeable to an asset account or its related accumulated depreciation account are termed . ..................................... 4. ____ 5. Cost of an asset minus its accumulated depreciation is called . ............. 5. ____ 6. Long-lived assets that are useful in the operations of a business, not held for sale, and represent legal rights are usually classified on the balance sheet as . .................................................................................... 6. ____ 7–9. The following expenditures are related to land acquired for use by a business. Indicate the account that should be debited for each expenditure. 7.
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FinMan10e_ATest_ch09 - 10th Edition FINANCIAL &...

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