Which of the following depreciation methods is computed in the same way as depletion?
a. Straight-line
b. Sum-of-the-years'-digits
c. Double-declining-balance
d. Productive-output
D
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Maturity is
A. the time until borrowed funds are repaid. B. the total interest accumulated on a financial security. C. a situation in which equity becomes worthless. D. the principal amount invested in a financial security.
Which international organization meets on a regular basis to establish rules for international commerce?
a. North American Free Trade Agreement b. World Bank c. International Monetary Fund d. World Trade Organization
Shopping products are purchased more frequently than convenience products
Indicate whether the statement is true or false
An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200 . The entry to record the sale is:
a. Accumulated Depreciation— Asset 6,000 Asset 6,000 b. Cash 5,200 Accumulated Depreciation— Asset 18,000 Loss on Sale of Asset 800 Asset 24,000 c. Loss on Sale of Asset 18,800 Asset 18,800 d. Asset 18,000 Accumulated Depreciation— Asset 18,000