10. Residual value is also known as all of the following except scrap value trade in value salvage value net book value 11. The depreciation method that does not use residual value in calculating the first year's depreciation expense is straight-line units of production double-declining-balance none of the above 12. Which of the following below is an example of a capital expenditure? cleaning the carpet in the front room tune-up for a company truck replacing an engine in a company car replacing all burned-out light bulbs in the factory 13. The authorized stock of a corporation must be recorded in a formal accounting entry. only reflects the initial capital needs of the company. is indicated in its by-laws. is indicated in its charter. 14. All of the following are normally found in a corporation's sockholders' equity section except Common Stock Paid-In Capital in Excess of Par Dividends in Arrears Retained Earnings