超星 - Assignment 7 - 查题吧

单选题

Land,abuildingandequipmentareacquiredforalumpsumof$1,000,000.Themarketvaluesoftheland,buildingandequipmentare$300,000,$600,000and$300,000,respectively.Whatisthecostassignedtotheequipment?

A. $200,000
B. $250,000
C. $300,000
D. $333,333

单选题

Whichofthefollowingshouldbeincludedinthecostofland?

A. fencing
B. sprinklersystemforbushesandlawn
C. lightedsigns
D. Land’spurchaseprice

单选题

MartinCompanypaid$500,000forapieceofequipment.Martinusesstraight-linedepreciation.Currentlytheequipmenthasabalanceintheaccumulateddepreciationaccountof$200,000.Iftheassethasnoresidualvalueandanestimatedlifeof10years,howmanyyearshastheassetbeendepreciated?

A. 1
B. 2
C. 4
D. 6

单选题

OnJanuary2,2016,MumfordCorporationacquiredequipmentfor$80,000.Theestimatedlifeoftheequipmentis4years.Theestimatedresidualvalueis$5,000.Whatistheamountofdepreciationexpensefor2017,ifthecompanyusesthedouble-declining-balancemethodofdepreciation?

A. $18,750
B. $20,000
C. $37,500
D. $40,000

单选题

OnJanuary4,2016,Mary'sCafeacquiredequipmentfor$200,000.Theestimatedlifeoftheequipmentis8years.Theestimatedresidualvalueis$10,000.WhatisthebalanceintheAccumulatedDepreciationaccountatDecember31,2017ifthestraight-linemethodisused?

A. $10,000
B. $25,000
C. $47,500
D. $50,000

单选题

OnJanuary2,2015,KonanCorporationacquiredequipmentfor$300,000.Theestimatedlifeoftheequipmentis5years.Theestimatedresidualvalueis$20,000.WhatisthebalanceinAccumulatedDepreciationonDecember31,2016,ifKonanCorporationusesthedouble-declining-balancemethodofdepreciation?

A. $192,000
B. $195,200
C. $208,000
D. $240,000

单选题

OnJanuary2,2015,KelloggCorporationacquiredequipmentfor$300,000.Theestimatedlifeoftheequipmentis5years.Theestimatedresidualvalueis$20,000.WhatisthebookvalueoftheassetonDecember31,2016,ifKelloggCorporationusesthestraight-linemethodofdepreciation?

A. $180,000
B. $188,000
C. $240,000
D. $244,000

单选题

OnJanuary2,2015,KonradCorporationacquiredequipmentfor$300,000.Theestimatedlifeoftheequipmentis40,000hours.Theestimatedresidualvalueis$20,000.IfKonradCorporationusestheunitsofproductionmethodofdepreciation,whatwillbethedebittoDepreciationExpensefortheyearendedDecember31,2016,assumingthatduringthisperiod,theassetwasused9,000hours?

A. $48,000
B. $56,000
C. $63,000
D. $67,500

单选题

Which of the following is not a capital expenditure:

A. The addition of a building wing.
B. A complete overhaul of an air-conditioning system.
C. Replacement of an old motor with a new one in a piece of equipment.
D. A tune-up of a company vehicle.

单选题

Why would a business select an accelerated method of depreciation for tax purposes?

Accelerated depreciation generates higher depreciation expense immediately, and therefore lower tax payments in the early years of the asset’s life.
B. Accelerated depreciation generates a greater amount of depreciation over the life of the asset than does straight-line depreciation.
C. Accelerated depreciation is easier to calculate because salvage value is ignored.
D. Accelerated depreciation generates a lower amount of depreciation over the life of the asset than does straight-line depreciation.

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