13,14,15,16

13. During periods of falling prices, a periodic inventory system would result in the same dollar amount of cost of goods sold as a perpetual inventory system under which of the following inventory cost flow methods? (1) LIFO: (2) FIFO a. (1) Yes; (2) No b. (1) No: (2) Yes C. (1) Yes: (2) Yes d. (1) No; (2) No 14. A markup of 25% on cost is equivalent to what markup on selling price? a. 80% b. 75% c. 25% d. 20% 15. A depreciable asset has an estimated 10% salvage value. At the end of its estimated useful life, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods? (1) Sum-of-the-years-digits: (2) Productivity output. a. (1) Yes; (2) Yes b. (1) No; (2) No c. (1) Yes; (2) No d. (1) No; (2) Yes 16. On May 20, 2021, Porter Co. incurred the following costs for one of its' equipment: Purchase of equipment 30,000 Installation of equipment 4,000 Replacement parts for renovation 10,000 Labor and overhead in connection with renovation 7.000 The renovation did not increase the estimated useful life of the equipment. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized? 12 . a. $51,000 olvab oldigrainl.000,008, 12 to 1200 is in onimuon est pas moins b. $44,000 haqora orl stoleo la nominal barrio do and more $ ) urt c. $41,000.000,012 vol bloz od codi dollar (0,2 cm 1 d. $34,000 Sool 15 noitolqob to come