Solved

Match the Items Below by Entering the Appropriate Code Letter

Question 309

Matching

Match the items below by entering the appropriate code letter in the space provided.

Premises:
An accelerated depreciation method used for taxpurposes.
Small expenditures which primarily benefit the current period.
Equal amount of depreciation each period.
Useful life is expressed in terms of units of production or expected use.
Tangible resources that are used in operations and are not intended for resale.
Cost less accumulated depreciation.
An accelerated depreciation method used for financial statement purposes.
Material expenditures which increase an asset's operating efficiency, productive capacity, or useful life.
Allocation of the cost of a plant asset to expense over its useful life.
Expected cash value of the asset at the end of its useful life.
Responses:
Capital expenditure
Units-of-activity method
Double-declining-balance method
Straight-line method
Depreciation
Revenue expenditure
MACRS
Salvage value
Book value
Plant assets

Correct Answer:

An accelerated depreciation method used for taxpurposes.
Small expenditures which primarily benefit the current period.
Equal amount of depreciation each period.
Useful life is expressed in terms of units of production or expected use.
Tangible resources that are used in operations and are not intended for resale.
Cost less accumulated depreciation.
An accelerated depreciation method used for financial statement purposes.
Material expenditures which increase an asset's operating efficiency, productive capacity, or useful life.
Allocation of the cost of a plant asset to expense over its useful life.
Expected cash value of the asset at the end of its useful life.
Related Questions

Q188: Comment on the validity of the following

Q220: In general,how does one determine whether or

Q300: Identify the factors that are considered in

Q301: Goodwill is an unusual asset in that

Q303: Physician Reference Service (PRS) provides services to

Q305: How is a gain or loss on

Q306: The Restor-It is a company specializing in

Q307: The declining-balance method is an accelerated method

Q308: What are the similarities and differences between

Q310: Match the items below by entering the

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents