Question

Basic depreciation concepts Cost or factor depletion is based on level, not time as used in depreciation. Choose Zero Recovery period Usage Half-year convention Book value Personal and real Gross Income Salvage value Depreciable The remaining, undepreciated amount of an investment is known as its Percentage depletion is determined as a stated percentage times_. The depreciable life of an asset is also known as the MACRS depreciation rates always write-off the asset's value to Choose. In the straight line method of depreciation, the depreciation c harge in the final year reduces book value to Choose... Although land is considered to be real property, it is not Choose... MACRS depreciation rates extend one year beyond the recovery period because of the required Choose. of property for which h depreciation is allowed are known as roperty Choose...

*THIS IS ONE QUESTION ONLY*

Basic depreciation concepts

Cost or factor depletion is based on _____________ level, not time as used in depreciation.
The remaining, undepreciated amount of an investment is known as its ____________.
Percentage depletion is determined as a stated percentage times___________.
The depreciable life of an asset is also known as the _____________.
MACRS depreciation rates always write-off the asset's value to _____________.
In the straight line method of depreciation, the depreciation charge in the final year reduces book value to ___________________.
Although land is considered to be real property, it is not ___________.
MACRS depreciation rates extend one year beyond the recovery period because of the required _________________.
The two types of property for which depreciation is allowed are known as ________ and ____________property.

There are nine different questions and each one of them has their own separate answers, hence the nine different answers.

The answer to each question could be: Zero | Recovery period | Usage | Half-year convention | Book value | Personal and real | Gross Income | Salvage value |Depreciable

Thanks in advance.

Answer 1

Aithough lard s consideve to be rea propert not | Depreciable nnaces depreacton Yato) exten One year beyond the recovery perod because of Ycquired じHaIF year convention" てh a two types of p ,erty for which deprtqction is allowed are knowa RealPevsonal "

Cost ơY fa c for depletion 's based on usajer leo ef, n、t time as useㅢ in depreciation The remaining undepreciated amount of an knon a ook Value 3 pevcentage depletion is determined bd a, apercentge times .qoss income"J as a pevcentaye e termine 4 he deprecィable life of an asset is also known as E. Reco v evブ period , MA CKS deprecation rates ala ite off th asset valu t Zer、 6) In the S+/ai5ht tine method 아 der Yect atro n, tha depredation change in the fiha year edures beok Valve alvaje Value"