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(T / F) Units-of-production method: Assigns an equal amount of depreciation to each unit of productmanufactured by an asset.Select one:True FalseCorrect.
Question Correct4Mark 1.00 out of1.00Question Correct5Mark 1.00 out of1.00Question Correct6Mark 1.00 out of1.00Question Correct7Mark 1.00 out of1.00Question Correct8Mark 1.00 out of1.00(T / F) Double-declining-balance method is an accelerated deprecation method. Salvage value is ignored inmaking annual calculations (save for the final depreciation period).Correct.(T / F) The formula for DDB depreciation is: Depreciation per period = (2×straight-line rate)×(Asset cost –Accumulated deprecation.)Correct.(T / F) Expenditures that increase the quality of services or extend the quantity of services beyond theoriginal estimate are capital expenditures.Correct.(T / F) In calculating depletion, the residual value of acquired land containing an ore deposit is included intotal costs subject to depletion.Select one:TrueFalse Correct. The residual value of land should be deducted from total costs subject to depletion.(T / F) All recorded intangible assets are subject to amortization.Select one:
Question Correct9Mark 1.00 out of1.00Question 10CorrectMark 1.00 out of1.00(T / F) By comparing an asset's book value (cost less up-to-date accumulated depreciation) with its salesprice, the company may show either a gain or a loss.Correct.(T / F) If an asset's sales price is greater than book value, the company shows a gain. If sales price is lessthan book value, the company shows a loss. If sales price equals book value, no gain or loss results.Correct.◄ Sum of the Years DigitsJump to...Assessment 5 ►