Q. When a company issues long-term bonds (i.e, matunty greater than one year), which of the following is NOT true: A. Owners' equily decreases 8. Total liabldies increase C. The current ratio increases D. Total assets increase QUESTION 33 Q. A company acquires a new machine on Jaruary 1,2015 and capitalizes acquisition costs of $15,000. The machine has an expected useful life of 6 years, Using straightline depreciation, what is the MONTHLY depreciation expense for this machine? 106 250 150 206 The net book value of a PPAE asset represents or expresses as A. Is eurrent market value (potential seling price) 8. Its original acquisition cost C. The portion of acquisition cost that has been depreciated so far D. acquistion cost - accumulased depreciation QUESTION 35 The allowance for doubtfil accounts is: A. A contreasset . Alabity C. An expense. D. A contra-revenue