.
Due and receivable within one year
Due and to be paid out of current assets within one year
Due, but not payable for more than one year
Payable if a possible subsequent event occurs
Two-yr notes payable
Bonds payable
Mortgage payable
Unearned rent
31,500
1,500
30,375
375
Be classsified as a long term liability
Not be separated from the long term portion of debt
Be paid immediately
Be reclassified as a current liability
Payroll expense
Contra account
Asset
Liability
Fixed asset
Current asset
Investment
Intangible asset
Salvage and functional
Physical and functional
Residual and salvage
Functional and residual
Book value
Residual value
Market value
Carrying value
Cost
Residual value
Estimated life
Units produced
Units-of-production
Declining-balance
Straight- line
Time-valuation
Due and receivable within one year
Due and to be paid out of current assets within one year
Due, but not payable for more than one year
Payable if a possible subsequent event occurs
Two-yr notes payable
Bonds payable
Mortgage payable
Unearned rent
31,500
1,500
30,375
375
Be classified as a long term liability
Not be separated from the long-term portion of debt
Be paid immediately
Be reclassified as a current liability
Initial cost + residual value
Initial cost - residual value
Initial cost - accumulated depreciation
Depreciable cost = initial cost
Calculated when the asset is sold
Estimated at the time that the asset is placed in service
Determined each year that the depreciation calculation is made
None of the answers are correct
Initial cost / estimated useful life
Depreciable cost / estimated useful life
Depreciable cost * estimated useful life
Initial cost * estimated useful life
(initial cost/ estimated output) * the actual year output
(depreciable cost/ yearly output) * estimated output
Depreciable cost/ yearly output
(depreciable cost/ estimated output) * the actual yearly output
$26,000
$24,800
$12,400
$13,000