题目内容

HarperCompanyacquiredamachinefor$26,000andhasrecordeddepreciationforthreeyearsusingthestraight-linemethodoverasix-yearlifeand$2,000residualvalue.Whatisthebookvalueofthemachineattheendofthreefullyearsofuse?

A. $12,000
B. $13,000
C. $14,000
D. $16,250

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SmithCompanyfailedtorecorddepreciationofequipment.HowdoesthisomissionaffectSmith’sfinancialstatements?

A. Netincomeisoverstatedandassetsareoverstated.
B. Netincomeisunderstatedandassetsareunderstated.
C. Netincomeisoverstatedandassetsareunderstated.
D. Netincomeisunderstatedandassetsareoverstated.

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HunterCompanyusesthedouble-declining-balancemethodtomeasuredepreciationonitscomputers.Whichitemisnotneededtocomputedepreciationforthefirstyear?

A. Originalcost
B. Estimatedsalvagevalue
C. Expectedusefullifeinyears
DDBrate

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Whichofthefollowingaccountsisreportedontheincomestatement?

A. Unearnedrevenue
B. Accumulateddepreciation
C. Gainondisposalofequipmenr
D. Allowanceforuncollectibleaccounts

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RichardsCompanypurchasedamachinefor$8,800onJanuary1,2016.Themachinehasbeendepreciatedusingthestraight-linemethodoveran8yearlifeand$800salvagevalue.RichardssoldthemachineonJanuary1,2018,for$7,500.Basedonthesefacts,whatgainorlossshouldRichardsCompanyrecordonthesale?

A. Gain,$700
B. Loss,$900
C. Loss,$1,300
D. Gain,$1,500

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HarperCompanyacquiredamachinefor$26,000andhasrecordeddepreciationforthreeyearsusingthestraight-linemethodoverasix-yearlifeand$2,000residualvalue.Whatisthebookvalueofthemachineattheendofthreefullyearsofuse?

A. $12,000 B. $13,000 C. $14,000 D. $16,250

SmithCompanyfailedtorecorddepreciationofequipment.HowdoesthisomissionaffectSmith’sfinancialstatements?

HunterCompanyusesthedouble-declining-balancemethodtomeasuredepreciationonitscomputers.Whichitemisnotneededtocomputedepreciationforthefirstyear?

Whichofthefollowingaccountsisreportedontheincomestatement?

RichardsCompanypurchasedamachinefor$8,800onJanuary1,2016.Themachinehasbeendepreciatedusingthestraight-linemethodoveran8yearlifeand$800salvagevalue.RichardssoldthemachineonJanuary1,2018,for$7,500.Basedonthesefacts,whatgainorlossshouldRichardsCompanyrecordonthesale?

A. $12,000
B. $13,000
C. $14,000
D. $16,250