Question 5 (1 point) Interest is usually associated with notes receivable. accounts receivable. doubtful accounts. bad debts Question 6 (1 point) Interest accrued on note receivable is credited to Notes Receivable. debited to Interest Revenue. debited to Interest Receivable credited to Interest Receivable. Question 7 (1 point) Depreciation is a process of cost allocation. determining the assets fair value. determining the assets residual value. asset valuation. Question 8 (1 point) The cost of a depreciable long-lived asset is expensed in the period in which it is acquired. as the asset benefits the company. in the period in which it is disposed of. when it is paid for