8. The book value of a plant asset isobtained by subtracting ______________ from the ______________ ofthe plant asset.

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9. Three factors that affect thecomputation of periodic depreciation expense are (1)_______________, (2) _______________, and (3)_________________.

10. The ________________ method ofcomputing depreciation expense results in an equal amount ofperiodic depreciation throughout the useful life of the plantasset.

11.The declining-balance method ofcomputing depreciation is known as an _____________ depreciationmethod.

12. Ordinary repairs that maintainoperating efficiency and expected productive life are called_______________.

1 Approved Answer


Subhrata R answered on August 18, 2020
5 Ratings, (15 Votes)

8) The book value of a plant asset is obtained by subtracting Accumulated Depreciation from the Original Cost of the plant asset

9) Three factors that affect the...
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