FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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21. The activity method of
A) conceptually associates cost in terms of input measures.
B) is a variable charge approach.
C) assumes that depreciation is a function of the passage of time.
D) all of these answers are correct.
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- The cost of is not included in the cost of production a. Abnormal loss b. Direct costs c. Normal loss d. Scraparrow_forwardExplain the differences between cost depletion, asset depreciation, and amortization. Explain the Modified Accelerated Cost Recovery System (MACRS).arrow_forwardProve that Homotheticity is required for the method of representative agent method to find the asset pricing. Otherwise, you have to use upper convultion to find the representative agent utilityarrow_forward
- Define straight-line depreciation methodarrow_forwardThe depletion expense isarrow_forwardWhich of the following describes one aspect of incremental analysis? O Both costs and revenues that stay the same between alternate courses of action will be analyzed. O Only costs relating to the decisions at hand are analyzed. O All costs and revenues, regardless if they stay the same or differ between alternate courses of action, will be analyzed. O Both costs and revenues that differ between alternate courses of action will be analyzed.arrow_forward
- Which method is used to compute depletion? OA. Units-of-production method OB. Depletion method OC. Straight-line method O D. Double-declining-balance methodarrow_forwardWhy should the total costs of the machine be viewed as an asset and allocated against the future revenue that the machine will generate?arrow_forwardWhen is depreciation a product cost? When is depreciation a period cost Please Explain both brieflyarrow_forward
- Explain straight line depreciation formula?arrow_forwardA decrease in the sales of a current project because of the launching of a new project is A. irrelevant to the investment decision. B. an overhead expense. C. a sunk cost. OD. cannibalization.arrow_forwardWhich of the following descriptions could be applied to the IT costs in question four? ( previous question) a. Afixedproductionexpenseb. Asemi-variableadministrationoverhead c. A variable direct research expensed. A mixed direct labour distribution costarrow_forward
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