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do all of them or keep it to another tutoorr 8) Under the diminishing balance method, depreciation is calculated on: a) Scrap value b) On
do all of them or keep it to another tutoorr
8) Under the diminishing balance method, depreciation is calculated on: a) Scrap value b) On original value c) On book value d) None of them 9) The economic factor causing depreciation: a) Time factor b) Obsolescence and inadequacy c) Wear and tear d) Money valuation 10) Which of the following statements best defines current liabilities? a) Payments owed to creditors. b) Liabilities accrued but not yet paid. c) Liabilities due for payment within the next one year. d) Financial losses due to decreasing sales. 11) Which of the following is not a current liability? a) Accounts payable b) Accrued utilities c) Wages accrued but not yet paid d) Bond payments due in three yearsStep by Step Solution
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