题目内容

Adjusting entries are needed to correctly measure the:

A. ending balance in the Cash account.
B. net income (loss) on the balance sheet.
C. net income (loss) on the income statement.
D. beginning balance in the Cash account.

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The allocation of a plant asset's cost over its useful life is called:

A. residual value.
B. book value.
C. accrued revenue.
D. depreciation.

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The value of a depreciable asset at the end of its useful life is called:

A. book value.
B. residual value.
C. accrued revenue.
D. accrued expense.

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Which of the following is the correct formula for calculating depreciation under the straight-line method?

A. Straight-line depreciation = (Cost + Residual value) ÷ Useful life
B. Straight-line depreciation = (Cost - Residual value) ÷ Useful life
C. Straight-line depreciation = (Cost + Residual value) × Useful life
D. Straight-line depreciation = (Cost - Residual value) × Useful life

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The sum of all the depreciation expense recorded to date for a depreciable asset is called:

A. book value.
B. residual value.
C. depreciation expense.
D. accumulated depreciation.

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Adjusting entries are needed to correctly measure the:

A. ending balance in the Cash account. B. net income (loss) on the balance sheet. C. net income (loss) on the income statement. D. beginning balance in the Cash account.

The allocation of a plant asset's cost over its useful life is called:

The value of a depreciable asset at the end of its useful life is called:

Which of the following is the correct formula for calculating depreciation under the straight-line method?

The sum of all the depreciation expense recorded to date for a depreciable asset is called:

A. ending balance in the Cash account.
B. net income (loss) on the balance sheet.
C. net income (loss) on the income statement.
D. beginning balance in the Cash account.