Expenditures capitalized as long-lived assets generally encompass those expenditures that:are produced normal repairs to keep the usefulness the the asset end a number of years.are for items that have a physical life of an ext than a year, nevertheless of your cost.are product in amount and that have an economic advantage to the entity just in the existing year.are product in amount and that have actually an economic advantage to the reality that extends past the existing year.

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are product in amount and that have actually an economic benefit to the entity that extends beyond the present year
The entry to document depreciation expense:increases a contra asset and also decreases network income.decreases a contra asset and decreases net income.decreases working capital and decreases net income.decreases an asset and increases a contra asset.
The net book value the a depreciable asset is:the fair worth of the asset.the amount for which the asset need to be insured.the difference in between the asset"s cost and built up depreciation.the difference in between the asset"s cost and depreciation expense.
When an accelerated depreciation technique is offered to calculation depreciation expense:the net publication value the the legacy halfway with its beneficial life will certainly be much less than if straight-line depreciation is used.the net publication value that the asset at the end of its useful life will certainly be much less than if straight-line depreciation is used.depreciation cost will be less in the early years of the asset"s life 보다 if straight-line depreciation is used.the built up depreciation account balance will increase by a bigger amount in the last half of one asset"s life than if straight-line depreciation is used.
the net publication value of the asset halfway with its beneficial life will be much less than if straight-line depreciation is used.
Goodwill is an asset the arises since the existing value that an gained company"s approximated future earnings, discounted in ~ the gaining firm"s ROI:is less than the fair value of the network assets the the getting company.is less than the fair value of the network assets that the gained company.is an ext than the fair worth of the network assets that the got company.is much more than the fair value of the network assets the the obtaining company.
The intangible heritage goodwill:represents the administration team"s assessment of its worth to the company.may arise once one agency purchases one more company.arises since the fair value of a company"s heritage is higher than cost.all the the over are correct.
Expenditures capitalized as long-lived assets generally include those expenditure that:are material in amount and that have actually an economic benefit to the entity just in the present year.are material in amount and also that have an economic benefit to the entity that extends past the existing year.are made for normal repairs to preserve the usefulness of the asset over a variety of years.are because that items that have a physical life of much more than a year, regardless of your cost.
are material in amount and also that have an economic benefit to the entity that extends beyond the current year.
Leasehold is an example of which of the following varieties of assets?Intangible asset.Property, plant and equipment.Goodwill.Current asset.
The entry to document depreciation expense:decreases a contra asset and also decreases network income.decreases functioning capital and also decreases net income.decreases one asset and also increases a contra asset.increases a contra asset and decreases network income.
The net publication value of a depreciable legacy is:the amount for which the asset need to be insured.the fair value of the asset.the difference between the asset"s price and accumulated depreciation.the difference in between the asset"s cost and also depreciation expense.
Many companies use sped up depreciation because that tax objectives because:it is supplied for identify net income reported to stockholders.it outcomes in lower taxable earnings than straight-line depreciation.it is easier to calculate than straight-line depreciation.it shows the quantity of cash used in depreciation.
Depreciation, in accounting, is a procedure that results in:accumulating cash because that the instead of of the asset.an exact measurement that the economic usefulness of one asset.spreading the expense of one asset end its valuable life come the entity.depreciable assets being reported in the balance paper at their fair value.
When a firm buys floor on which over there is a building, and the building is torn under so the an appropriate brand-new building have the right to be built on the land:the complete cost that the land and old building are capitalized as land cost.any that the purchase cost allocated come the old building is capitalized as component of the cost of the brand-new building.the cost assigned come the soil excludes the expense of the old building.any of the purchase cost allocated to the old structure is reported as a loss.
When a firm buys land on which over there is a building, and also the structure is torn under so that an appropriate new building can be constructed on the land: A) any kind of of the purchase expense allocated come the old structure is reported as a loss. B) the expense assigned come the land excludes the price of the old building. C) the full cost that the land and also old building are capitalized together land cost. D) any type of of the purchase price allocated come the old structure is capitalized as component of the cost of the brand-new building. E) any type of of the over are usually acceptable accounting alternatives.
Expenditures capitalized together noncurrent heritage generally encompass those expenditures that: A) are produced normal repairs to keep the usefulness the the asset over a number of years. B) space for item that have a physical life of an ext than a year, regardless of their cost. C) space material and that have an economic advantage to the entity only in the current year. D) are material and that have an economic benefit to the entity that extends past the present year. E) space immaterial.
Which the the complying with statements best describes the procedure of bookkeeping depreciation? A) A procedure that make the efforts to recognize loss in financial value over a period of time. B) A procedure for setting aside cash for this reason funds will be accessible to replace the asset. C) A procedure for recognizing the expense of an asset that have to be matched against revenue earned as a result of utilizing the asset end a duration of time. D) A procedure for recognizing every one of the financial cost connected with making use of an heritage in a revenue generating activity. E) A process that measures the physics wear and also tear of an asset.
A process for recognizing the cost of an heritage that should be matched versus revenue earned as a an outcome of using the asset end a period of time.
The entry to document depreciation on long-term assets: A) decreases complete assets and increases network income. B) decreases present assets and increases expenses. C) decreases total assets and decreases earnings before taxes. D) boosts earnings prior to taxes and also increases taxes expense. E) decreases full assets and also decreases expenses.
Which depreciation an approach results in equal depreciation cost for each year of one asset"s valuable life? A) Units-of-production B) Sum-of-the-years-digits C) Double-declining-balance D) MACRS E) Straight-line
When a depreciable heritage is sold: A) a obtain arises if the sales proceeds exceed the net book value. B) a loss occurs if the sales proceeds exceed the net publication value. C) any type of cash got results in a gain. D) depreciation cost is changed so over there is no get or loss. E) built up depreciation increases.
The existing value principle is widely applied in business because: A) inflation erodes the purchasing power of money. B) money has actually value end time. C) audit for operation leases needs its use. D) many obligations are cleared up within a year. E) depreciation calculations need its use.
If you owed $200 at the finish of each year for the following three years, the present value the the obligation would be: A) much less than it would be if you owed every $600 at the end of three years. B) the same as it would be if you had actually to salary $300 today and $300 at the end of three years. C) much more than $600. D) less than it would be if you had to pay $300 today and also $300 in ~ the end of this year. E) nobody of the above.

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Goodwill is one asset that arises due to the fact that the present value that an got company"s approximated future earnings, discounted in ~ the obtaining firm"s ROI is: A) much more than the fair value of the net assets that the obtaining company. B) much less than the fair value of the net assets the the gaining company. C) equal to the fair worth of the network assets of the obtaining company. D) much less than the fair value of the network assets of the acquired company. E) much more than the fair worth of the net assets the the gained company.
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Intermediate Accounting, + WileyPLUS it is registered Card16th EditionDonald E. Kieso, Jerry J. Weygandt, terrycloth D. Warfield
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