113 17 Select Answer: 114 115 116 117 Donna borrowed $400,000 from Bank of America on a 6% 30-year installment loan with monthly payments. How would the payment be determined? A. Multiply $400,000 times the interest factor for 30 years at 6%. B. Multiply $400,000 times the interest factor for 30 years at 1/2%. C. Divide $400,000 by the interest factor for 30 years at 1/2%. D. Divide $400,000 by the interest factor for 30 years at 1%. 118 119 120 18 Select Answer: 121 122 123 Which of the following depreciation methods is accelerated? A. Straight line B. Double Declining Balance C. Units of Activity D. All of these are accelerated 124 125 19 Select Answer: 126 127 128 129 130 How would you characterize the account Discount on Bonds Payable? A. The discount on bonds payable represents extra cash received when the bonds were issued. B. The discount on bonds payable is considered extra future interest expense, because of the cash not received at bond issuance. C. The discount on bonds payable has a credit balance which adds to the bond's carrying value. D. The discount on bonds payable represents a decrease in future interest expense. were issued. 131 132 133 134