Cost allocation of an intangible asset is referred to as a. amortization. b. depreciation. c. accretion. d. capitalization On July 1, 2016, Dillman Kennels sells for $66.000. The equipment originally cost $180,000, had an estimated life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2016, using the straight-line method. The gain or loss on disposal is a. $9,000 gain. b. $6,000 loss. c. $9,000 loss. d. $6.000 gain. Using following data for Stevenson Industries, compute the average collection period. a. 32 days b. 28 days c. 45 days d. 30 days One might infer from a debit balance in Allowance for Doubtful Accounts that a. a posting error has been made. b. more accounts have been written off than had been estimated. c. the direct method is being used. d. Bad Debt Expense has been overestimated. Four thousand bonds with a face value of $1.000 each, are sold at 102. The entry to record the issuance is