1. During its useful life, an asset _______ in value.

2. 	appreciates
   	depreciates
   	accrues
   	increases

3. 10 points

Question 2

1. 1. At the end of its useful life, an asset may still have a dollar value called its ______ value.

      	accrued
      	depreciated
      	salvage
      	appreciated

2. 10 points

Question 3

1. 1. The _______ value is the cost minus the salvage value.

      	appreciable
      	accrued
      	scrap
      	depreciable

2. 10 points

Question 4

1. 1. With the method of __________ depreciation, the amount of depreciation is the same every year.

      	straight-line
      	units-of-production
      	sum-of-years'-digits
      	cost-recovery

2. 10 points

Question 5

1. 1. To figure __________________ , depreciable value is divided by years of expected life when using straight-line depreciation.

      	average depreciation
      	taxable depreciation
      	monthly depreciation
      	yearly depreciation

2. 10 points

Question 6

1. 1. __________ depreciation is the year's depreciation plus the sum of all the previous years' depreciation.

      	Accounting
      	Nonaccounting
      	Accumulated
      	Taxable

2. 10 points

Question 7

1. 1. The first year's end-of-year book value is the total cost less the year's _________.

      	depreciation
      	assets
      	accumulation
      	liabilities

2. 10 points

Question 8

1. 1. The ______ depreciation is how much an asset depreciates with each unit produced.

      	mass
      	unit
      	yearly
      	accrued

2. 10 points

Question 9

1. 1. In the ________________ method of depreciation the numerator of the depreciation rate is the number of years of expected life remaining and the denominator is the sum of the number of years of expected life.

      	straight-line
      	accrued
      	sum-of-the-years'-digits
      	nonaccrued

2. 10 points

Question 10

The __________ rate of depreciation is a fraction with a numerator of 1 and a denominator equal to the number of useful years of an asset.

	sum-of-the-years'-digits
	cost-recovery
	straight-line
	declining-balance