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5. The depreciation expense, for Year 5, under the units of production method, is: a. b. c. d. $350,000 $357,143 $275,000 $415,133 6. Consider the
5. The depreciation expense, for Year 5, under the units of production method, is: a. b. c. d. $350,000 $357,143 $275,000 $415,133 6. Consider the following situations. The units of production method of depreciation would not be a good choice for depreciating: A factory machine that produces cardboard boxes b. A company car used by the company president for business meetings A painting displayed in the lobby of the company headquarters d. An oven used to bake bread in a bakery a. c. a. 7. An accelerated method of depreciation will: Give more depreciation expense in the early years of the asset's life than will the straight-line method Give less depreciation expense in the early years of the asset's life than will the straight-line method Give the same depreciation expense the early years of the asset's life than will the straight-line method d. Give numbers that will not be allowed for tax or for book purposes b. c. a. 8. Which statement about intangible assets is true? An intangible asset has a physical existence b. A statue displayed in the company headquarters is an intangible asset. An example of an intangible asset is Goodwill. d. A manufacturer of medical devices would not need intangible assets. C
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