600000
936000
1144000
None of the above
Depreciation is based on the expense recognition principle because it apportions the cost of the asset against the revenue generated over the assets useful life
Depreciation is a process of allocating the cost of a plant asset over its useful life
Depreciation creates a fund to replace the asset at the end of its useful life
The cost of a plant asset- accum. depreciation = book value
23000
20000
17250
15000
Complete overhaul of an air-conditioning system
Replacement of an old motor with a new one in a piece of equip
A tune-up of a company car
The cost of installing a piece of equip
Natural resources
Goodwill
Land improvements
Intangibles
Accelerated is easier to calculate because salvage value is ignored
MACRS depreciation follows a specific pattern or depreciation
Accelerated generates higher depreciation expense immediately, and therefore lowers taxes in the early years of the assets life
Accelerated generates a greater amount of depreciation over the life of the asset than that of straight-line
14000
105000
21000
26250
Goodwill
Copyright
Trademark
All of the above are intangible
Inventory turnover
Quick ratio
ROA
Net sales
Company has become more effective
Company has been more efficient
Company has become more effective and more efficient
Company has neither become effective nor efficient
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.