When the value of the dollar changes from £0.5 to £0.75, then the pound has _________ and the dollar has _________. A: appreciated; appreciated B: depreciated; appreciated C: appreciated; depreciated D: depreciated; depreciated

When the exchange rate changes from 1.0 euros to the dollar to 1.2 euros to the dollar, then the euro has _________ and the dollar has _________. A: appreciated; appreciated B: depreciated; appreciated C: appreciated; depreciated D: depreciated; depreciated

When the exchange rate changes from 1.0 euros to the dollar to 0.8 euros to the dollar, then the euro has _________ and the dollar has _________. A: appreciated; appreciated B: depreciated; appreciated C: appreciated; depreciated D: depreciated; depreciated

When the<br/>value of the British pound changes from $1.25 to $1.50, the pound has<br/>____and the U.S. dollar has _____ . A: appreciated;<br/>appreciated B: depreciated;<br/>appreciated C: appreciated;<br/>depreciated D: depreciated;<br/>depreciated

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

The U.S. dollar suddenly changes in value against the euro moving from an exchange rate EUR/USD of 0.8909 to 0.8709. Thus, the dollar has ________ by ________. A: appreciated; 2.30% B: depreciated; 2.30% C: appreciated; 2.24% D: depreciated; 2.24%

All<br/>tangible non-current assets of a business should be depreciated<br/>including land.( )

Why doesn’t land need to be depreciated? A: Because it is still in use. B: Because it is separately valued. C: Because it is fully depreciated. D: Because it has an indefinite life.

The only difference between Joe's and Moe's is that Joe's has old, fully depreciated equipment. Moe's just purchased all new equipment which will be depreciated over eight years. Assuming all else equal: A: Joe's will have a lower profit margin. B: Joe's will have a lower return on equity. C: Moe's will have a higher net income. D: Moe's will have a lower profit margin. E: Moe's will have a higher return on assets.

In a merger, the acquiring firm assumes all liabilities of the target firm. Assumed liabilities include all but which of the following? A: Current liabilities B: Long-term debt C: Warranty claims D: Fully depreciated operating equipment E: Off-balance sheet liabilities