When a receivable is written off using the allowance method, the company's total net realizable value shown on the balance sheet

a$.$ Decreases

b$.$ Increases

c$.$ Remains the same

d$.$ Grows

The income statement approach to the allowance method

a$.$ Stratifies the total accounts receivable balance

b$.$ Multiplies a historical default rate times the total receivable balance

c$.$ Multiplies a historical default rate times net credit sales

d$.$ None of the above

Depreciation of a plant asset is based on

a$.$ Capitalized cost

b$.$ Estimated useful life

c$.$ Estimated residual value

d$.$ All of the above

The most commonly used depreciation methods is$($are$)$

a$.$ Straight$-$line

b$.$ Units of production

c$.$ Double$-$declining$-$balance

d$.$ All of the above

The depreciation rate used in the straight$-$line method divides

a$.$ One by the useful life

b$.$ The capitalized cost by the useful life of the assets residual value

c$.$ The residual value by the capitalized cost

d$.$ None of the above

The units of production method allocates a varying amount of depreciation each year based on

a$.$ The user's actual usage

b$.$ Equal amounts each year

c$.$ The estimated usage each year

d$.$ None of the above

Intangible assets lack physical substance. Some examples include

a$.$ Patents

b$.$ Trademarks

c$.$ Natural assets

d$.$ Both a and $b$