The depreciation method where salvage value is ignored in the calculation for depreciation until the book value of the asset reaches salvage value is the units-of-production method
Indicate whether the statement is true or false
false
You might also like to view...
A note payable cannot be sold or transferred under any circumstance.
Answer the following statement true (T) or false (F)
Auditors who prefer statistical sampling to nonstatistical sampling may do so because statistical sampling helps the auditor:
A. minimize the failure to detect a material misstatement due to nonsampling risk. B. reduce the level of tolerable misstatement to a relatively low amount. C. eliminate the cost of training auditors in the proper use of sampling techniques. D. measure the sufficiency of the evidential matter obtained.
Which of the following statements correctly depicts duties of court appointed trustees?
a. Trustees identify and collect a debtor's assets and then allocate those assets to creditors in an orderly manner. b. Trustees review fee applications, motions to appoint trustees and examiners, motions to convert or dismiss a case, and other pleadings. c. Trustees investigate criminal complaince in bankruptcy cases. d. Trustees testify in bankruptcy cases.
Answer the following statements true (T) or false (F)
1. On the income statement, earnings per share is shown for income from continuing operations. 2 The income from continuing operations helps investors make predictions about the company's past performance. 3. Interest revenue and interest expense are not included in the calculation of income from continuing operations. 4. Income tax expense is added to arrive at income from continuing operations. 5. The disposal of a business segment is reported as discontinued operations.