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please answer all multiple choice questions! Ch 9 QUiZ Help Save& Exit S 4 Book value represents the cost of an asset that has yet
please answer all multiple choice questions! Ch 9 QUiZ Help Save& Exit S 4 Book value represents the cost of an asset that has yet to be allocated to expense. True or False Print True False Ch 9 QUIZ Saved Help Save & Exit Submit In accounting, depreciation refers to a decline in the asset's current market value, not the allocation of the cost of an asset to expense True or False Print True False Ch 9 QUIZ 6 Saved 6 The systematic write-off of intangible assets to expense is called depletion. True or False Print True False The legal life of most patents is: 9 Multiple Choice Print 5 years 20 years 40 years 50 years Help Save &Exit Submit The adjusting entries to record depreciation or amortization expense, or to write down assets that have become impaired: Multiple Choice Print Reduce both net income and cash balances Reduce net income, but have no direct efect on cash balances Decrease cash balances, but have no direct eflect upon net income Affect nether net income nor cash balances
please answer all multiple choice questions!
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