The calculation of depreciation using the double-declining balance method multiplies a constant percentage times the previous year's depreciation expense pylelds an increasing depreciation expense each period 0 multiplies a declining percentage times a constant book value ignores salvage value in determining the amount to which a constant rate is applied Question 9 Question 11 2 pts If equipment is disposed of with no proceeds being received and before it is fully depreciation, either a gain or loss can occur 0 only a gain on disposal can occur only a loss on disposal can occur neither a gain nor a loss can occur 2p Question 12 A gain or loss on disposal of a equipment is determined by comparing the Question 14 Natural resources are O amortized over a period no longer than 40 years e physically extracted in operations and are replaceable only by an act of nature reported at their market value O depleted using the units of production method Question 15 dot denreciation is Question 25 2 pts The amount collected on a $60,000. 10%, 60-day note receivable dated July 3 and honored on the due date is (assume 360 days per year) 0 $60,000 O $61,000 $70,000 $66,000 2 pt Question 26 interaction can 10 on Ainterreivable i inferma 240 dove nor sarl Question 26 2 p The interest on a $3.000, 10%, 180-day note receivable is (assume 360 days per year) $150 $3,300 0 $300 $3000 Question 27