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Accounting Test Bank-by Rahmati

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  Upload  Rahmati Rahmatullah  View Public Profile My Recently ReadMy LibraryMy Social Feed My UploadsMy CollectionsMy Stats Account (2)Free Subscription!HelpLog Out Browse Books Biography & MemoirBusiness & EconomicsCookingFantasyFiction & LiteratureHistoryHobbies, Crafts, & HomeMysteryRomanceSocial ScienceTravelYoung Adult & Children's Other Content BrochuresCourt FilingsCreative WritingLegal formsInstruction manualsMapsGraphic Ar tPresentationsRecipes/MenusSchool Work   <iframe height= 0 src= //www.googletagmanager.com/ns.html?id=GTM-ZWF6 style= display:none;visibility:hidden width= 0 ></iframe> Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡  Download Standard view Full view   1 of 31 Add note Save to My Library Sync to mobile Look up keyword Like this Share on social networks 464Activity × Liking... Not Liked  Note: You can always click on the Like button to share with your Scribd followers. Undo  NId2l9GImFhqg0 read   Submit Submit Query   You note has been posted. Add Another    Always like on Facebook too: OnOffView Past Likes × Saving... Saved Find saved documents in My Library on your desktop and mobile device. × Select a region to add a note about a specific section Select Region   NId2l9GImFhqg0 read   Submit Submit Query   You note has been posted. Add Another  View all notes × There was a problem sending you an sms. Check your phone number or try again later. To get Scribd mobile enter your number and we'll send you a link to the Scribd app for iPhone & Android. We've sent a link to the Scribd app. If you didn't receive it, try again. NId2l9GImFhqg0   Text me Submit Query   We'll never share your phone number. iTunes App Store | Google Play Store  × Share to your social networks. Tweet Embed  NId2l9GImFhqg0 45179592 47846644   1399875003 vt4fyou4bIVcn1m  0 of . Results for:  No results containing your search query P. 31 Chapter 11 Chapter 11 Ratings: (0)|Views: 74,468|Likes: 460 Published by Prettysince86  Test bank for chapter 11.....intermediate accounting 12th edition Test bank for chapter 11.....intermediate accounting 12th edition More info: Categories:Types, Research, Business & Economics  Published by: Prettysince86 on Dec 13, 2010 Copyright:Attribution Non-commercial Availability: Read on Scribd mobile: iPhone, iPad and Android.  download as PDF, TXT or read online from Scribd Flag for inappropriate content|Add to collection  See More See less CHAPTER 11   DEPRECIATION, IMPAIRMENTS, AND DEPLETION   TRUE-FALSE   — Conceptual   Answer No. Description   T 1. Nature of depreciation.F 2. Nature of depreciation.T 3. Depreciation, depletion, and amortization.T 4. Definition of depreciation base.F 5. Factors involved in depreciation process.F 6. Definition of inadequacy.T 7. Objection to straight-line method.F 8. Units-of-production approach.F 9. Accelerated depreciation method.T 10. Declining-balance method.T 11. Group or composite approach.F 12. Use of the composite approach.T 13.  Accounting for changes in estimates.F 14. Computation of impairment loss amount.T 15. First step in determining an impairment.T 16. Reporting impaired assets held for disposal.F 17. Method used to compute depletion.T 18. Costs included in depletion base.F 19. Computing asset turnover ratio.T 20 Profit margin on sales ratio.   MULTIPLE CHOICE   — Conceptual    Answer No. Description   d 21. Knowledge of depreciation accounting.b 22. Conceptual rationale for depreciation accounting.c 23. Depreciation and retaining funds.b   S   24. Definition of depreciation.a   S   25. Service life vs. physical life.a   P   26. Definition of depreciable cost.d 27. Economic factors affecting useful service life.a 28. Activity method of depreciation.a 29. Units-of-production method of depreciation.d 30. Units-of-production method of depreciation.d 31. Knowledge of double-declining balance method.c 32. Components of sum-of-the-years'-digits method.c 33. Graphic depiction of straight-line and sum-of-the-years'-digits methods.b 34. Disadvantage of using straight-line method.b 35. Group method of depreciation.d 36. Identification of composite life.   Test Bank for Intermediate Accounting, Twelfth Edition11 - 2   MULTIPLE CHOICE   — Conceptual (cont.)   Answer No. Description   c   P   37. Group method of depreciation.c   S   38. Composite or group depreciation.b 39. Depreciation for part year.c 40. Change in estimated life of depreciable asset.b 41. Reporting a change in estimate.b 42. Recording an asset impairment.d 43. Depreciation and liquidating dividends.a 44. Classification of depletion expense.d 45. Units-of-production depletion expense.d 46. Reserve recognition accounting.c   S   47. Items part of depletion cost.b   S   48. Required disclosures for depreciation.b   P   49. Definition of book value.d 50. Disclosure of depreciation policy.d 51. Asset turnover ratio.c *52. Objectives of MACRS method.d *53. Factors to consider in MACRS tax depreciation.c *54. Effect of accelerated depreciation on the income statement.   P   These questions also appear in the Problem-Solving Survival Guide.   S   These questions also appear in the Study Guide.* This topic is dealt with in an Appendix to the chapter.   MULTIPLE CHOICE   — Computational   Answer No. Description   c 55. Factors involved in depreciation.c 56. Calculate depreciation using activity method.b 57. Calculate depreciation using activity method.c 58. Calculate depreciation
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