I-10.01 Worksheet

I-10.01 Worksheet - 8 Like straight-line but the...

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Name: Date: Section: I-10.01 1 Cost minus salvage value Depreciable base 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
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Unformatted text preview: 8 Like straight-line, but the denominator is not time 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...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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