+1-415-315-9853

info@mywordsolution.com

## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

1) Activity method of depreciation:

A. Is variable charge approach.
B. Suppose that depreciation is a function of the passage of time.
C. Conceptually associates cost in terms of input measures.
D. All of these.

2) For income statement purposes, depreciation is variable expense if depreciation method used is:

A. Units-of-production.
B. Straight-line.
C. Sum-of-the-years'-digits.
D. Declining-balance.

3) Use of double-declining-balance method:

A. Results in decreasing charge to depreciation expense.
B. Means salvage value is not reduced in computing depreciation base.
C. Means book value must not be reduced below salvage value.
D. All of these.

4) Use of sum-of-the-years'-digits method:

A. Results in salvage value being ignored.
B. Means the denominator is years remaining at beginning of year.
C. Means the book value must not be reduced below salvage value.
D. All of these.

5) Graph is set up with "yearly depreciation expense" on the vertical axis and "time" on horizontal axis. Suppose linear relationships, how would graphs for straight-line and sum-of-the-years'-digits depreciation, respectively, be drawn?

A. Vertically and sloping down to right
B. Vertically and sloping up to right
C. Horizontally and sloping down to right
D. Horizontally and sloping up to right

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M917790

Have any Question?

## Related Questions in Accounting Basics

### 1 is a trial balance that gives you the balances to use to

1) is a Trial Balance that gives you the balances to use to prepare the financial statements; 2) is a Template that you can use, note there are drop down choices - but, you can definitely use your own on Excel or similar ...

### Discussion 1-iasb and fasb mergersir david tweedie chairman

Discussion 1-IASB and FASB Merger? Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), is quoted as saying that the IASB and the Financial Accounting Standards Board (FASB) will eventually ...

### Assume that you recently graduated and have just reported

Assume that you recently graduated and have just reported to work as an investment advisor at the onof the firms on Wall Street. You have been presented and asked to review the following Income Statement and Balance Shee ...

### Accounting assignmentcolorado springs company csc is a

Accounting Assignment Colorado Springs Company (CSC) is a wholesaler with fiscal year ended December 31 of previous year. Since it is publicly-traded, it undergoes external audit. The most recent audit was completed in F ...

### Question 1which entry would record the payment of a utility

Question 1 Which entry would record the payment of a utility bill? A. Debit Utilities Expense; credit Cash B. Debit Cash; credit Utilities Expense C. Debit Utilities Expense; credit Accounts Payable D. Debit Accounts Rec ...

### How much did you borrow for your house if your monthly

How much did you borrow for your house if your monthly mortgage payment for a 30 year mortgage at 6.65% APR is \$1,600?? A \$218,080 B \$202,503 C \$186,926 D \$233,658 E \$249,235 F \$264,812 Shady Rack Inchas a bond outstandi ...

### To write discussion post to given answerrequirementsdo not

To write discussion post to given answer Requirements: Do not use any direct quotes and/or cut and pasted information (i.e. your discussion is to be 100% your thoughts, ideals and insights). You can agree or disagree wit ...

### Case 2b - mendel paper companymendel paper company produces

CASE 2B - MENDEL PAPER COMPANY Mendel Paper Company produces four basic paper product lines at one of its plants: computer paper, napkins, place mats, and poster board. Materials and operations vary according to the line ...

### Assignment research applicationin this assignment you will

Assignment: Research Application In this assignment, you will use the Internet and other sources to gather and interpret information related to service and manufacturing organizations. Select either a service or a manufa ...

### Prospective analysis forecastingquestion 1glaxosmithkline

Prospective Analysis: Forecasting Question 1. GlaxoSmithKline is one of the largest pharmaceutical firms in the world, and over an extended period of time in the recent past, it consistently earned higher ROEs than the p ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

### Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

### Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

### Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

### Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen