Question 1

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

Accepted Answer

The answer of Match the items below by entering the...

Question 2

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

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The answer of Match the items below by entering the...

Question 3

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                        Premises: Lubricants, rosin, and polishing compounds used in manufacturing
Oak and pine wood used in desks and chairs
Insurance on factory building
Advertising in trade magazines
Salesperson's commissions
Wages of assembly line workers
Rent on leased factory machinery
Depreciation on delivery equipment
Wages of factory maintenance workers
Depreciation on factory machinery

Accepted Answer

The Answer of Direct materials cost and Direct labor cost is...

Question 4

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                        Premises: Process of allocating the cost of an intangible asset to expense over its useful life.
Is only recorded when an exchange has commercial substance.
Examples are franchises and licenses.
The allocation of the cost of a natural resource to expense over its useful life.
Can be identified only with a business as a whole.
A symbol that identifies a particular enterprise or product.
When book value of asset is greater than the proceeds received from its sale.
Must be expensed when incurred.
Indicates how efficiently a company is able to generate sales with its assets.
An estimate of the expected productive life of an asset.

Accepted Answer

The Answer of Gain on disposal and Loss on disposal is...

Question 5

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

Accepted Answer

The Answer of Plant assets and Depreciation and Book value is...

Quiz 10: Plant Assets, Natural Resources, and Intangible Assets

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

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

Abel Manufacturing Company incurs the following costs and expenses in making furniture. Classify the following manufacturing costs and expenses by using the:

Match the items below.

Match the items below.