{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

I-10.01 Problem - 9 A tax-based allocation of cost that is...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
I-10.01 Examine the following list of items, and match each to the best corresponding description from the choices list. Each choice should be used only once. 1 Cost minus salvage value 2 Cost minus accumulated depreciation 3 Depreciation is a process of this, rather than valuation 4 Costs that are added to an asset account 5 Costs of items added to a land-related account, like paving and landscaping 6 A bundled purchase of assets 7 Lessee does not report the asset 8 Like straight-line, but the denominator is not time
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 9 A tax-based allocation of cost that is not GAAP 10 Justification for expensing small items 11 Included with land cost 12 Expensed immediately 13 Results in less depreciation each year than the year before CHOICES: Materiality Book value MACRS Land improvements Capital expenditures Accelerated depreciation Lump sum purchase Depreciable base Survey and title fees Abnormal damage during installation Operating lease Allocation Units-of-output method...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern