题目内容

Atthebeginningoflastyear,BettyCorporationpurchasedapieceofheavyequipmentfor$34,000.Theequipmenthasalifeof100,000hours.Theestimatedresidualvalueis$4,000.Bettyusedtheequipmentfor22,000hourslastyearand25,000hoursthisyear.Depreciationexpenseforyear2usingunits-of-productionwouldbe:

A. $8,500
B. $8,000
C. $7,500
D. $7,000

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Atthebeginningoflastyear,BettyCorporationpurchasedapieceofheavyequipmentfor$34,000.Theequipmenthasalifeoffiveyears.Theestimatedresidualvalueis$4,000.Depreciationexpenseforyear2usingdouble-declining-balancewouldbe:

A. $7,200
B. $7,520
C. $8,060
D. $8,160

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

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