Rupert Company purchased a delivery van on January 1, Year 1 for $45,000. Rupert uses the straight-line method for the asset, which has a five-year estimated useful life and a salvage value estimated at $9,000. On January 1, Year 3, the asset was sold for $33,300 cash. Indicate whether each of the following items related to Rupert Company is true or false. ________ a) Annual depreciation for Ruperts equipment was $9,000.________ b) Accumulated depreciation at end of Year 2 was $14,400.________ c) Book value at end of Year 2 was $30,600.________ d) On the date of the sale, Rupert will record a loss of $2,400.________ e) A gain or loss on the sale of a plant asset is reported on the balance sheet.
What will be an ideal response?
a) F b) T c) T d) F e) F
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Which statement is true about using discriminant analysis to create spatial maps?
A) Spatial maps are obtained by plotting brand scores on the factors. B) Input data should be obtained via attribute-based approaches to obtaining perception data. C) Factor weights can be used to label the dimensions. D) Both A and C are true.
As production workers become better organized and more familiar with equipment, the average cost per unit decreases. This is called the ________
A) demand curve B) experience curve C) skimming cost D) penetration cost E) marginal utility
______ charts show the loads on various work centers, equipment, or facilities as well as the associated idle times.
A. Gantt load B. Gantt schedule C. Gantt sequence D. Gantt output
Which of the following ratios is calculated to determine the liquidity of a firm?
A. Inventory turnover ratio? B. ?Quick ratio C. ?Total assets turnover ratio D. ?Debt ratio E. ?Net profit ratio