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Question 1 At the most recent balance sheet date, the book value of Cisco's property and equipment was (in millions): a. $11,014 b. $2,453 c. $8,561 d. 5 19,575 Question 2 The historical cost of Cisco's property and equipment at the most recent balance sheet date was (in millions): a $2.453 b. 58,561 c. $11,014 Od. $19,575 Question 3 Cisco states property and equipment at: a. cost b. fair market value c. cost, less accumulated depreciation or amortization, whenever applicable. d. depreciable cost Question 4 Which depreciation method does Cisco use? a. Sum of the years digits b. Straight-line Oc. Double declining balance d. Units of activity Question 5 net income being reported in the first year of an asset's useful life compared to an accelerated depreciation method. The depreciation method used by Cisco results in aless b.more the same amount d. cannot be determined sowe Question 1 points total assets being reported in the first year of an asset's useful life compared to an accelerated depreciation method The depreciation method used by Cisco results in a the same amount more d. cannot be determined Question 7 Cisco depreciates computer equipment and software over: a. 10 years b.up to 5 years c. 5 years d. 30 to 36 months Question 8 According to the Goodwill and Purchased Intangible Assets note: Cisco's purchased intangible assets with finite lives are carried at cost a. True b. False in the and, when specific circumstances dictate Question 9 According to the Goodwill and Purchased intangible Assets note: Cisco tests goodwill for impairment on an between annual tests a annual basis third quarter semi-annually, first and third cannual basis fourth fiscal quarter annual basis, second fiscal quarter Question 10 According to Cisco's Goodwill and Purchased Intangible Assets note: When impaired, the carrying value of goodwill is written down to fair value. a. True b. False Question 1 At the most recent balance sheet date, the book value of Cisco's property and equipment was (in millions): a. $11,014 b. $2,453 c. $8,561 d. 5 19,575 Question 2 The historical cost of Cisco's property and equipment at the most recent balance sheet date was (in millions): a $2.453 b. 58,561 c. $11,014 Od. $19,575 Question 3 Cisco states property and equipment at: a. cost b. fair market value c. cost, less accumulated depreciation or amortization, whenever applicable. d. depreciable cost Question 4 Which depreciation method does Cisco use? a. Sum of the years digits b. Straight-line Oc. Double declining balance d. Units of activity Question 5 net income being reported in the first year of an asset's useful life compared to an accelerated depreciation method. The depreciation method used by Cisco results in aless b.more the same amount d. cannot be determined sowe Question 1 points total assets being reported in the first year of an asset's useful life compared to an accelerated depreciation method The depreciation method used by Cisco results in a the same amount more d. cannot be determined Question 7 Cisco depreciates computer equipment and software over: a. 10 years b.up to 5 years c. 5 years d. 30 to 36 months Question 8 According to the Goodwill and Purchased Intangible Assets note: Cisco's purchased intangible assets with finite lives are carried at cost a. True b. False in the and, when specific circumstances dictate Question 9 According to the Goodwill and Purchased intangible Assets note: Cisco tests goodwill for impairment on an between annual tests a annual basis third quarter semi-annually, first and third cannual basis fourth fiscal quarter annual basis, second fiscal quarter Question 10 According to Cisco's Goodwill and Purchased Intangible Assets note: When impaired, the carrying value of goodwill is written down to fair value. a. True b. False
