Accounting MC Questions (Simple)

1. The activity method of depreciation

Question 1 options:

a)is a variable charge approach.

b)assumes that depreciation is a function of the passage of time.

c)conceptually associates cost in terms of input measures.

d)all of these.

2 .

Property, plant, and equipment assets purchased on long-term credit contracts should be accounted for at

Question 2 options:

a)the total value of the future payments.

b)the future amount of the future payments.

c)the present value of the future payments.

d)none of these.