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The useful life of plant asset is the length of service period expected from an asset. Depreciation expense = (Cost - Salvage value) /Useful life Comment if you face any issues |
the useful life of a plant asset is the length of the ser 32 of 49...
accounts receivables are also called trade receivables. This Question: 2 pts 1 of 49 (0 Accounts receivable are also called trade receivables. O O True False Click to select your answer. O Type here to search o e é boWERTY CH
Economic service life is the entire useful life of an asset that results in the minimum annual equivalent cost. a. True b. False
The expected useful life of an intangible asset is generally easier to estimate than the expected useful life of a tangible noncurrent asset. True False
for tax purposes an asset is fully depreciated to a book value of For tax purposes, an asset is fully depreciated to a book value of zero. True O False Click to select your answer. Type here to search 6 14 3 2 X esc 6 5 4 3 2
An asset was purchased for $31,000 on January 1, 2019. The asset's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $23,000 on December 31, 2019, the last day of the accounting period. O A. $2,600 gain OB. $1,300 gain OC $2,600 loss OD. no gain or no loss Click to select your answer. 28 Downl rays_P MacBook Air...
11 of 26 (0 complete) This Question: 2 pts Determine whether each statement is true or false. The expressions 183x and 18W3x are like radicals. O True O False The expressions 1873x and 14/96x are like radicals. Trie Click to select your answer. Type here to search ORI This Question: 2 pts Determine whether each statement is true or false. The expressions 18x?y 3xy6 and 14xy23x©y are like radicals. O True O False The expressions 14 V5x and 14 3x...
When a fixed plant asset with a 5-year estimated useful life is sold during the second year, how would the use of an accelerated depreciation method instead of the straight-line method affect the gain or loss on the sale of the fixed plant asset? Gain LOSS 0 Increase Decrease 0 Decrease Decrease O Increase Increase O Decrease increase
Question 25 An intangible asset with an estimated useful life of 30 years was acquired on January 1, 2007, for $540,000. On January 1, 2017, a review was made of intangible assets and their expected service lives, and it was determined that this asset had an estimated useful life of 30 more years from the date of the review. What is the amount of amortization for this intangible in 2017? Amount of amortization
Gift taxes are subject to 15,000 exclusion between spouses O O True False Click to select your answer. javascript:doExercise (23); a o Type here to search die L W of ^ cum a Ax 5:53 PM 1/26/2020
If a 13-year-old has earned income of $500 and interest and dividends of $2.500, all of the income can be reported on the parent's return. True O False Click to select your answer. javascript:do Exercise(8); 5:53 PM + O Type here to search E e O L 5 S W - 'O l. x 1/26/2020