Question
Sarong #2 - 17 extraordinary reparations Extraordinary repairs) 18 Depletion Expense 19 Straight line depreciation A Register only if you can be quantified in
Sarong #2 - 17 extraordinary reparations Extraordinary repairs) 18 Depletion Expense 19 Straight line depreciation A Register only if you can be quantified in a transaction 38 points B Depreciation expense decreases progressively from period to period C It is recorded if the sale price is greater than the book value of the fixed asset sold 20 Double dedinina depreci- D It is recorded if the sale orice is tion (double methc twice less than the book value of the fixed asset depreciation) 21 Units of output depreciation 22 Goodwill 23 Amortization Expense 24 Book value. 25 Asset Improvement Improvements to fixed assets 26 Gain on Sale of Fixed Asset (gain on the sale of a fixed asset) 27 Depreciation 28 Revenue Expenditures (Not capitalizable disbursement) 29 Loss on Sale of sold out E Expenses incurred in relation to fixed assets and that are necessary for their maintenance and normal operation F Fixed asset cost- Accumulated depreciation 7 G The periodic transfer of the cost of a fixed asset to an expense account H They the value of the fixed asset but do not extend the useful life I The periodic transfer of the cost of an intangible asset to a Depreciation expense remains K The same amount of depreciation expense is allocated throughout the useful life of foxed assets L The periodic transfer of the cost of a natural resource to an expense account M Most commonly used by businesses Fixed Asset (loss on the sale of a small with a reduced amount of fread assota) 30 Advantage of factoring accounts receivable accounts receivable N Roltats because more uncollectible accounts were eliminated than were they had estimated 31 Disadvantage of factoring O Most commonly used by accounts receivable companies 32 Debit balance of the Allowance account prior to the adjusting entry 33 Balance in credit of the Allowance account prior to Adjusting entry 34 Direct method uncollectible accounts R 35 Reservatior Method for large with a considerable amoun accounts receivabl P The purchasing company assumes the risk of the potential uncollectibility of the Q The company receives cash immediately as a result of the transaction They extend the useful life of the fixed asset OS Results because less allowance was written off for uncollectible accounts than had bad debts been estimated
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