13 Which of the following accounting principles best justifies accelerated depreciation accounting?
A Consistancy B Matching C Full Disclosure D Materiality
14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under Straight-line method what is the assets carrying value after 3 years?
A 36000 B 34000 C 24000 D46000
15 14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under double-declining-balance method what is the accumulated depreciation after 2 years?
A44800 B 38400 c 51200 d 42400
16. 14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under double-declining-balance methodwhat is the book value after 5 years?
a 60000 b 10000 c 11200 d 12400
17 On a bank reconciliation, the amount of an unrecorded bank service charge should be:
A Add to the bank statement balance
b add to the checkbook balance
c subtract from the bank statement balance
d subtract for the checkbook balance
A Consistancy B Matching C Full Disclosure D Materiality
14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under Straight-line method what is the assets carrying value after 3 years?
A 36000 B 34000 C 24000 D46000
15 14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under double-declining-balance method what is the accumulated depreciation after 2 years?
A44800 B 38400 c 51200 d 42400
16. 14 A truck is purchased for 70000 on january 1st. It has a five yr life and a 10000 residual value. Under double-declining-balance methodwhat is the book value after 5 years?
a 60000 b 10000 c 11200 d 12400
17 On a bank reconciliation, the amount of an unrecorded bank service charge should be:
A Add to the bank statement balance
b add to the checkbook balance
c subtract from the bank statement balance
d subtract for the checkbook balance