10. 11. 12 13 14. 15. Which accounting method for depreciation would you use if you wanted your taxes to be the lowest: A. B. C. D. In times of rising prices, which inventory method would you want to use if you were an CEO interested in issuing a new stock offer: ABCD A. B. C. D. ABUD Which method is used to expense operating assets? Depletion Amortization Depreciation Write off method What is the LCM rule concerning the valuation of inventories. A. Last in cost rule. B. Lower of cost or MACRS A. B. 200% Double Declining Balance. MACRS Straight Line Depreciation. Sum of the years Digits. C. D. LIFO Average FIFO None of the above C. A rule that requires a company to value its inventory at market value If its market price is lower than its cost. D. Can be used in place of FIFO. SHORT ESSAY Why is the perpetual inventory system superior to the periodic system for business purposes? What are the two allowance methods used to account for bad debts. Explain who would be most interested in each and why