Question 18 Long term investments are held for all of the listed reasons below except to earn the interest or dividend income for its long-term gain potential to influence over another business entity to meet current cash needs Question 19 An intangible asset is amortized over the useful life of the asset. True False Question 20 The calculation for annual depreciation using the straight line depreciation method is cost times estimated useful life market value / estimated useful life cost / estimated useful life salvage value times estimated useful life Question 21 Office salaries, depreciation of office equipment, and office supplies are examples of what type of expense? selling expense miscellaneous expense administrative expense other expense