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17 Which depreciation method expense the fixed asset faster? A) Straight line depreciation D Double Decline Balance C) Units of productions D) None of the

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17 Which depreciation method expense the fixed asset faster? A) Straight line depreciation D Double Decline Balance C) Units of productions D) None of the above. 18 Which answer describes a limited partner in partnership A) General partner D investor C) new partner D) None of the above. 19 The first step in partnership liquidation is A) Pay all the partners in the partnership. D Pay all liabilities in the partnership. C) Pay the limited partner in the partnership. D) None of the above. 20 How should the cost of replacing an engine for truck be reported? A) Cost should be Capitalized Expenditure. D Cost should be Revenue expenditure, C) Cost should be weighed out. D) None of the above

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