Question
8. The book value of a plant asset is obtained by subtracting ______________ from the ______________ of the plant asset. 9. Three factors that affect
8. The book value of a plant asset is obtained by subtracting ______________ from the ______________ of the plant asset.
9. Three factors that affect the computation of periodic depreciation expense are (1) _______________, (2) _______________, and (3) _________________.
10. The ________________ method of computing depreciation expense results in an equal amount of periodic depreciation throughout the useful life of the plant asset.
11.The declining-balance method of computing depreciation is known as an _____________ depreciation method.
12. Ordinary repairs that maintain operating efficiency and expected productive life are called _______________.
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