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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Question Content Area Which one of the following statements is true? If the activity method is in use, residual value should not be subtracted from cost to determine the depreciation base. The activity method produces a constant total cost of depreciation each period. The activity method of computing depreciation could result in zero depreciation expense in some periods of time. The activity method should be used when the service life of the asset is affected mostly by the passage of time.arrow_forwardWhich of the following statements is FALSE? ◇ If an improvement or replacement is made and the carrying value of the asset that is removed is not known and the assets useful life is extended, accumulated depreciation should be debited for the cost of the improvement/replacement. O If the orginial cost of an installation is not known, and the rearrangement/reinstallataion cost is material in amount and benefits future periods, the cost should be capitalized as an asset A major repair should be treated as an addition, improvement or replacement. All of the above are trucarrow_forwardWhen adjusting for depreciation on a building, which of the following is one effect of the adjustment? Select one: a. The building account is decreased. b. The cost of the building declines. c. The book value of the building declines. d. The market value of the building declines.arrow_forward
- Which method of computing depreciation expense results in the amount of depreciation for each year depending on the units-of-production for that year? A. Straight line B. Double-declining balance C. Units-of-production D. Sum-of-the-years digits E. None of the abovearrow_forwardWhich of the following items is not a consideration when recording periodic depreciation on plant assets? Question 9 options: Salvage value Estimated useful life Cash needed to replace the plant asset Costarrow_forwardThe salvage value is a component of the calculation of the double declining balance (DDB) depreciation method.True or False..arrow_forward
- Q: Accumulated depreciation represents: Select one: O a. The depreciation taken on fixed assets for one year O b. The decline in value on Property, Plant, and Equipment O c. The depreciation taken since the asset was purchased O d. The loss from damage on an assetarrow_forwardWhich depreciation method would result in the same depreciation expense amount regardless of the partial period cor Select one: a. Sum-of-the-years'-digits b. Declining-balance c. Units-of-production d. Straight-linearrow_forwardDepreciation is the decline in value of an asset over time due to normal wear and tear and to obsolescence. True Falsearrow_forward
- Depreciation of an asset based on the number of hours of usage is a(n) O accelerated method O replacement method time-based method O activity-based methodarrow_forwardDepreciation is the allocation of the cost of a plant asset over its useful life in a rational and systematic manner. The asset being depreciated remains at historical cost and the accumulated depreciation account serves as a contra account to lower the asset balance on the books. Question: Explain why this lowered value is, or is not, the market value of the asset in any given accounting period. Support your answer with examples explaining your choice.arrow_forwardWhich of the following methods is used to amortize intangible assets over their useful lives? a. a declining balance methodb. straight linec. annual review for impairmentd. intangible assets are not amortizedarrow_forward
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