T F Units of production method Assigns an equal amount of depreciation to each

T f units of production method assigns an equal

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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 Correct 4 Mark 1.00 out of 1.00 Question Correct 5 Mark 1.00 out of 1.00 Question Correct 6 Mark 1.00 out of 1.00 Question Correct 7 Mark 1.00 out of 1.00 Question Correct 8 Mark 1.00 out of 1.00 (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 Correct 9 Mark 1.00 out of 1.00 Question 10 Correct Mark 1.00 out of 1.00 (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 Digits Jump to... Assessment 5 ►

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