P-8 What distinguishes repairs expense from capitalized improvements? a) The dollar amount spent b) Whether payment is made in cash c) The timing of the expenditure d) Whether future benefits are enhanced

7 Which of the following characteristics represent an advantage of the internal rate of return techniques over the accounting rate of return technique in evaluating a project?  I    Recognition of the project’s salvage value.  II   Emphasis on cash flows.  III  Recognition of the time value of money.  Group of answer choices  II and III  I, II, and III  I only  I and II

GENERAL ACCOUNTING 45 QUESTION

Depreciated replacement cost is equal to the *   a. Sound Value b. Net appreciation c. Depreciable amount d. Carrying amount