Financial Accounting, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780134728520
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Question
Chapter 8, Problem 9SC
To determine
Identify the depreciation method which is calculated in a similar manner to the depletion.
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Students have asked these similar questions
Which of the following depreciation methods most closely approximates the method used to deplete the cost of natural resource?
a. Straight-line method
b. Double-declining-balance method
c. Either the cost model or the revaluation model
d. The recoverable amount model
The method of depreciation which is also known as Accelerated depreciation method is
a.
Diminishing balance method
b.
Units of production method
c.
Double declining depreciation method
d.
Straight line method
Which method is used to compute depletion?
a. Double-declining-balance method
b. Straight-line method
c. Depletion method
d. Units-of-production method
Chapter 8 Solutions
Financial Accounting, Student Value Edition (5th Edition)
Ch. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - What is depreciation, and why is it used in...Ch. 8 - Prob. 5DQCh. 8 - Which depreciation method would be moot...Ch. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQ
Ch. 8 - Prob. 1SCCh. 8 - Prob. 2SCCh. 8 - How should a capital expenditure for a long-term...Ch. 8 - Which depreciation method usually produces the...Ch. 8 - Prob. 5SCCh. 8 - Prob. 6SCCh. 8 - Prob. 7SCCh. 8 - Prob. 8SCCh. 8 - Prob. 9SCCh. 8 - Prob. 10SCCh. 8 - Prob. 11SCCh. 8 - Prob. 12SCCh. 8 - Prob. 1SECh. 8 - Long-term asset terms (Learning Objective 1) 5-10...Ch. 8 - Prob. 3SECh. 8 - Lump-sum purchase (Learning Objective 2) 5-10 min....Ch. 8 - Errors in accounting for long-term assets...Ch. 8 - Concept of depreciation (Learning Objective 3)...Ch. 8 - Depreciation methods (Learning Objective 3) 10-15...Ch. 8 - Depreciation methods (Learning Objective 3) 10-15...Ch. 8 - Prob. 9SECh. 8 - Prob. 10SECh. 8 - Prob. 11SECh. 8 - Prob. 12SECh. 8 - Prob. 13SECh. 8 - Prob. 14SECh. 8 - Prob. 15SECh. 8 - Other long term assets (Learning Objective 8) 5-10...Ch. 8 - Prob. 17SECh. 8 - Prob. 18AECh. 8 - Prob. 19AECh. 8 - Prob. 20AECh. 8 - Prob. 21AECh. 8 - Depreciation methods (Learning Objective 3) 15-20...Ch. 8 - Prob. 23AECh. 8 - Prob. 24AECh. 8 - Prob. 25AECh. 8 - Prob. 26AECh. 8 - Prob. 27AECh. 8 - Prob. 28AECh. 8 - Prob. 29AECh. 8 - Prob. 30AECh. 8 - Prob. 31AECh. 8 - Prob. 32BECh. 8 - Prob. 33BECh. 8 - Prob. 34BECh. 8 - Prob. 35BECh. 8 - Prob. 36BECh. 8 - Prob. 37BECh. 8 - Prob. 38BECh. 8 - Prob. 39BECh. 8 - Prob. 40BECh. 8 - Prob. 41BECh. 8 - Prob. 42BECh. 8 - Prob. 43BECh. 8 - Prob. 44BECh. 8 - Prob. 45BECh. 8 - Long-term asset costs and partial-year...Ch. 8 - Journalizing long-term asset transactions...Ch. 8 - Prob. 48APCh. 8 - Prob. 49APCh. 8 - Prob. 50APCh. 8 - Prob. 51APCh. 8 - Prob. 52APCh. 8 - Prob. 53BPCh. 8 - Journalizing long-term asset transactions...Ch. 8 - Prob. 55BPCh. 8 - Prob. 56BPCh. 8 - Prob. 57BPCh. 8 - Prob. 58BPCh. 8 - Prob. 59BPCh. 8 - Prob. 1CECh. 8 - Prob. 1CPCh. 8 - Continuing Financial Statement Analysis Problem...Ch. 8 - Prob. 1EIACh. 8 - Prob. 2EIACh. 8 - Financial Analysis Purpose: To help familiarize...Ch. 8 - Prob. 1IACh. 8 - Prob. 1SBACh. 8 - Written Communication A client of yours notified...
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Similar questions
- 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_forwardWhich one of the following methods charges depreciation at a rate double to the one used in straight line method? Select one: a. Straight line method b. Declining balance method c. None of the methods d. Units of activity methodarrow_forwardExplain straight-line, units-of-production, and double-declining-balance depreciation. When is it appropriate to use each of these depreciation methods?arrow_forward
- Explain what is meant by depreciation. Describe the methods of depreciation and give a numerical for straight-line method.arrow_forwardDetailed Explanation needed. Advantages and Disadvantages of methods of depreciation ( Straight Line, Double Declining, Units of production )arrow_forwardWhich of the following depreciation methods will result in the most depreciation expense over the life of an asset? Select one: a. Double-declining balance method b. All three methods will result in the same amount of depreciation expense. c. Units-of-production method d. Straight-line method e. Cannot be determined from the information given.arrow_forward
- Explain why activity based method is more appropriate to calculate depreciation than straight line methodarrow_forwardContrast the effects of the straight-line, declining-balance, and activity-based methods on annual depreciation expense.arrow_forwardDefine straight-line depreciation methodarrow_forward
- Please explain double-declining method depreciation. When is this the preferred method to figure depreciation?arrow_forwardContrast the straight-line method and the units-of-activity method as to (a) Useful life, and (b) The pattern of periodic depreciation over useful life 2. Distinguish between revenue expenditures and capital expenditures during useful life. 3. What are natural resources, and what are their distinguishing characteristics? 4. What are the similarities and differences between the terms depreciation, depletion, and amortization? 5. Explain what depletion is and how it is computed.arrow_forwardOne accelerated depreciation method is called fixed-percentage-of-declining-balance. Explain what is meant by the terms “fixed-percentage” and “declining-balance.” Forwhat purpose is this method most widely used?arrow_forward
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