Atthebeginningoflastyear,BettyCorporationpurchasedapieceofheavyequipmentfor$34,000.Theequipmenthasalifeoffiveyears.Theestimatedresidualvalueis$4,000.Depreciationexpenseforyear2usingdouble-declining-balancewouldbe:
A. $7,200
B. $7,520
C. $8,060
D. $8,160
查看答案
Whichofthefollowingcostswillnotbeexpensedonacompany’sincomestatement?
A. Thecostofthecompany’sland.
B. Thecostofthecompany’sofficebuilding.
C. Thecostofthecompany’sdesk.
D. Thecostofthecompany’scomputer.
Thedepreciationprocessfollowsthe________principle.
A. revenuerecognition
B. expenserecognition
C. disclosure
D. consistency
Anassetis________whenanotherassetcandothejobmoreefficiently.
A. fullydepreciated
B. old
C. physicallyworn
D. obsolete
Whichofthefollowingdepreciationmethodsbestappliestothoseassetsthatgenerategreaterrevenueearlierintheirusefullives?
A. Straight-linemethod
B. Depletionmethod
C. Double-declining-balancemethod
D. Units-of-productionmethod