A: To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use
B: To ensure that funds are available for the eventual replacement of the asset
C: To reduce the cost of the asset in the statement of financial position to its estimated market value
D: To account for the 'wearing-out' of the asset over its life
举一反三
- Accumulated depreciation is shown on the balance sheet as a subtraction fromthe cost of its related asset
- The expected cash value of a plant asset at the end of its useful life is known as:
- Which of the following would normally be classified as a non-current asset and which as a current asset?Petty cash A: Non-current asset B: Current asset
- The entry to record depreciation expense at the end of an accounting period( ). A: reduces the book value of the asset being depreciated B: is an example of an accrual C: reduces the balance in a contra asset acount D: increased the depreciable cost of the asset being depreciated
- Which of the following statements is FALSE? A: Depreciation is a method used for accounting and tax purposes to allocate the original purchase cost of the asset over its life. B: Sometimes the firm explicitly forecast free cash flow over a shorter horizon than the full horizon of the project or investment. C: Earnings include the cost of capital investments, but do not include non-cash charges, such as depreciation. D: Firms often report a different depreciation expense for accounting and for tax purposes.
内容
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Liabilities are generally classified into( )and ( ).(2分) A: current liabilities、Non-current liabilities B: current assets、long-term assets C: accounting payable、intangible asset D: fixed asset、intangible asset
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Depreciation is the systematic allocation of the depreciable amount of an asset over the asset's useful life.
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Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
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DDB Method provides for a declining periodic expense over the estimated useful life of the asset
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Which<br/>of the following is not a change in accounting principle? () A: A<br/>change from LIFO to FIFO B: A<br/>change in estimated salvage value of depreciable asset C: A<br/>change from an accelerated depreciation method to straight-line<br/>depreciation D: A<br/>change from historical cost to fair value accounting.