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Question 4CorrectMark 1.50 out of 1.50Flag questionQuestion text
(T / F) The formula for calculating straight-line depreciation is: Depreciation per period =(Asset cost – estimated salvage value) / Number of accounting periods (estimated useful life).Select one:True FalseFeedbackCorrect.The correct answer is 'True'.Question 5CorrectMark 1.50 out of 1.50Flag questionQuestion text(T / F) In calculating depletion, the residual value of acquired land containing an ore deposit is included in total costs subject to depletion.Question 6IncorrectMark 0.00 out of 1.50
Flag questionQuestion text(T/F) Recording depreciation each period is an application of the matching principle.