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Answer all please The formula for computing annual straight-line depreciation is: A) Depreciable cost divided by useful life in units. B) Cost less salvage value

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The formula for computing annual straight-line depreciation is: A) Depreciable cost divided by useful life in units. B) Cost less salvage value divided by the useful life in years. C) Cost plus salvage value divided by the useful life in years. D) Cost divided by useful life in years. E) Cost divided by useful life in units. A depreciation method in which a plant asset's depreciation expense for a period is determined by applying a constant depreciation rate each period to the asset's beginning book value is called: A) Book value depreciation. B) Straight-line depreciation. C) Units-of-production depreciation. D) Declining-balance depreciation. E) Modified accelerated cost recovery system (MACRS) depreciation. Revenue expenditures: A) Are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities? B) Are known as balance sheet expenditures. C) Extend the asset's useful life. D) Substantially benefit future periods. E) Are debited to asset accounts. A company sold a machine that originally cost exist100,000 for exist60,000 cash. The accumulated depreciation on the machine was exist40,000. The company should recognize a: A) exist0 gain or loss. B) exist20,000 gain. C) exist20,000 loss. D) exist40,000 loss. E) exist60,000 gain. Blanket Corporation sold equipment for cash of exist40, 500. Accumulated depreciation on the sale date amounted to exist34,000 and a loss of exist1, 800 was recognized on the sale. What was the original cost of the equipment. A) exist 4, 700. B) exist42, 300 C) exist72, 300. D) exist75, 900. E) exist76, 300. Intangible assets include: A) Patents. B) Copyrights. C) Trademarks. D) Goodwill. E) All of the above

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