举一反三
- Total depreciation expense over an asset's useful life will not be identical under all methods of depreciation.
- Total depreciation expense over an asset's useful life will not be identical under all methods of depreciation. A: 正确 B: 错误
- The units-of-production method of depreciation charges a constant amount of expense for each period of an asset's useful life.
- Depreciation is the systematic allocation of the depreciable amount of an asset over the asset's useful life.
- What is the purpose of charging depreciation in accounts? 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
内容
- 0
The expected cash value of a plant asset at the end of its useful life is known as:
- 1
A plant asset's useful life might not be the same as its productive life.
- 2
The term accumulated depreciation, as used in accounting, is best defined as A: the portion of a plant asset recognized as expense since the asset was acquired. B: funds (or cash) set aside to replace the asset being depreciated. C: earnings retained in the business that will be used to purchase another asset when the present asset is depreciated. D: an expense of doing business.
- 3
Grant Company has decided to change the estimate of the useful life of an asset that has been in service for 2 years. Which of the following statements describes the proper way to revise a useful life estimate？（ ） A: Revisions in useful life are permitted if approved by the IRS. B: Retroactive changes must be made to correct previously recorded depreciation. C: Only future years will be affected by the revision. D: Both current and future years will be affected by the revision.
- 4
Cost of installing a new production machine A: Asset B: Expense