教案优才英文p1-unit

我考课我考课题社名师资讯退英文P1 题库练//题 课/英文P1SectionUnit3Measurement,Valuation,andDisclosureLong- （单选题）Whichofthefollowingisnotanappropriatebasisformeasuringthecostofpropertyplantand查看报告A、Thepurchasepricefreightcostsandinstallationcostsofaproductiveassetshouldbeincludedintheasset’sB、Proceedsobtainedintheprocessofreadyinglandforitsintendedpurpose,suchasfromthesaleofclearedtimber,shouldberecognizedimmediayas C、Thecostsofimprovementstoequipmentincurredafteritsacquisitionshouldbeaddedtotheasset’scostiftheyincreasefutureservicepotential.查看解析只看错题D、Allcostsincurredintheconstructionofaplantbuildingfromexcavationtocompletionshouldbeconsideredaspartoftheasset’scost.展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isThepurchaseprice,freightcosts,andinstallationcostsofaproductiveassetareincludedintheasset’scost.Answer(B)isAccordingly,itemsofproperty,plant,andequipment(PPE)thatmeettherecognitioncriterionareinitiallymeasuredatcost.Thecostincludesthepurchaseprice(minustradediscountsandrebates,pluspurchasetaxes)andthedirectlyattrbutablecostsofbringingtheassetstoworkingconditionfortheirintendeduse.Directlyattributablecostsincludesitepreparation,installation,initialdeliveryandhandling,architectandequipmentfees,costsofremovingtheassetsandrestoringthesite,etc.Accordingly,thecostoflandincludesthecostofobtainingthelandandreadyingitforitsintendeduses,butitisinappropriatetorecognizetheproceedsrelatedtositepreparationimmediayinprofitorloss.Theyshouldbetreatedasreductionsinthepriceoftheland.Answer(C)isSubsequentcostsareaddedtothecarryingamountofanitemofPPEifitisprobablethat,asaresult,futureeconomicbenefitswillbereceived,andthecostsarereliablyAnswer(D)isAllcostsofconstructionshouldbeincludedasapartoftheasset’s考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔2（选题）AnentityinstalledanassemblylineinYear1.Fouryearslater,$100,000wasinvestedtoautomatetheline.automationincreasedthemarketvalueandproductivecapacityoftheassemblylinebutdidnotaffectitsusefullife.accountingforthecostoftheautomationshouldbeA、ReportitasanexpenseinYearB、EstablishaseparateaccountfortheC、Allocatethecostofautomationbetweentheassetandaccumulateddepreciationaccounts.D、Debitthecosttotheproperty,plant,andequipmentaccount.展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isThecostshouldbecapitalized.Answer(B)isincorrect.Thesameaccountshouldbeused.Answer(C)isincorrect.Allocationisnotanacceptedprocedure.Answer(D)iscorrect.SubsequentcostsareaddedtothecarryingamountofanitemofPPEifitisprobablethat,asaresult,futureeconomicbenefitswillbereceived,andthecostsarereliablymeasurable.Anextendedusefullife,improvedoutputtyorquality,andreducedoperatingcostsareallfutureeconomicbenefits.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔3（选题）TheselecteddatafromstatementsoffinancialpositiononDecember31,Year1,andDecember31,Year2,ispresentedbelow:12/31/Year12/31/YearAdditionalinformationforProperty,plant,1Equipmentwasacquired2DepreciationexpenseThecarryingamount(costminusaccumulateddepreciation)ofproperty,plant,andequipmentdisposedofinYear2D、展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isTheYear2beginningcarryingamountis$193,000($295,000–$102,000),andthe2endingcarryingamountis$221,000($340,000–$119,000).ThecarryingamountPPEdisposedofis$7,000($193,000beginningbalance+$65,000acquiredduring2–$30,000depreciationexpense–$221,000endingAnswer(B)isTheamountof$17,000isthedifferencebetweenendingandbeginningAnswer(C)isTheamountof$20,000isthecostofthePPEAnswer(D)isTheamountof$32,000resultsfromusingthechangeinthePPEaccountacquisitionsminustheaccumulated考Unit3Measurement,Valuation,andDisclosure:Long-Term正确笔4（单选题）Athemeparkpurchasedanew,excitingrideandfinanceditthroughthemanufacturer.Thefollowingfactspertain:Purchaseprice Delivery Installation Costoftrial Interestchargesfor Thestraight-linemethodistobeused.Computethedepreciationontheequipmentfortheyearassuminganestimatedservicelifeof5years.AB展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$160,000excludesthedelivery,installation,andtrial-runcosts.Answer(B)isincorrect.Theamountof$184,000excludesthetrial-runcost.Answer(C)iscorrect.Underthestraight-linemethod,theannualdepreciationexpenseforanassetequalstheasset’samount(cost–residualvalue)dividedbytheasset’sestimatedusefullife.Thecostoftheassetincludesitspriceandthedirectlyattributablecostsofbringingittoworkingconditionforintendeduse.Thus,thedepreciationexpenseis$192,000[($800,000purchaseprice+$50,000deliverycost+$70,000installationcost+$40,000trial-runcost)÷5-yearestimatedservicelife].Borrowingcostsincurredaftertheassetispreparedforitsintendeduseareexpensedeveniftheallowedalternativetreatmentofsuchcostsisfollowed,andtheassetotherwisesatisfiesthecriteriaforcapitalizationofsuchexpenses.Answer(D)isincorrect.Theamountof$204,000includestheborrowing考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔编辑笔笔55（单选题）WhichofthefollowingisnotanappropriatebasisformeasuringthehistoricalcostofpropertyplantandA、Deliveryandhandlingcostsandinstallationcostsofaproductiveassetshouldbeincludedintheasset’scost.B、Thecostshouldincludethepurchasepricewithoutadeductionfortradediscounts.C、Thecostsofimprovementstoequipmentincurredafteritsacquisitionshouldbeaddedtotheasset’scostiftheyprovidefutureeconomicbenefitsexceedingtheoriginallyassessedstandardofperformance.D、Allcostsincurredintheconstructionofaplantbuildingfromexcavationtocompletionshouldbeconsideredaspartofasset’sasset’s正确答案是正确答案是解 Answer(A)is

展开答疑我要纠

收藏试题|收起解Directlyattributablecostsofbringingtheassettoworkingconditionforitsintendeduseareincludedinitscost.Answer(B)isAnassetclassifiedunderproperty,plant,andequipmentismeasuredinitiallyatcost.Thisamountincludesthepurchasepriceandanydirectlyattributablecostsofbringingtheassettoworkingconditionforitsintendeduse.Directlyattrbutablecostsincludecostsof,forexample,sitepreparation,initialdeliveryandhandling,installation,professionalfees(e.g.,thoseofarchitectsandengineers),anddismantlingandremovingtheassetandrestoringthesite.Thepurchasepriceisdeterminedbyaddinganyimportfeesandnonrefundablepurchasetaxesandsubtractinganytradediscountsandrebates.Answer(C)isSubsequentexpendituresshouldbeaddedtothecarryingamountifitisprobablethattheywillresultinfutureeconomicbenefitsexceedingtheoriginallyassessedstandardofAnswer(D)isThecostsofaself-constructedassetaredeterminedinthesamewayasthoseofanacquiredasset.Hence,allcostsofconstructionofabuildingareincludedinitsinitiallyrecordedcostbecausetheyaredirectlyattrbutablecostsofbringingtheassettoitsworkingconditionforitsintendeduse.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔（单选题）Inmakingacashflow ysisofproperty,plant,andequipment(PPE),theinternalauditordiscoveredthatdepreciationexpensefortheperiodwas$10,000.PPEwithacostof$50,000andrelatedaccumulateddepreciationofwassoldforagainof$1,000.IfthecarryingamountofPPEincreasedby$80,000duringtheperiod,howmuchPPEwaspurchasedthisperiod?B、展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$91,000resultsfromignoringthecarryingamountofitemssoldandfromincludingthegaininthecomputation.Answer(B)isTheamountof$100,000resultsfromignoringthedepreciationexpensefortheperiod.Answer(C)iscorrect.ThecarryingamountofthePPEaccount,netofaccumulateddepreciation,isincreasedbythecostofpurchasesanddecreasedbythecarryingamountofitemsofPPEsoldanddepreciation.ThenetPPEdecreasedbythecarryingamountofitemssold,or$20,000($50,000cost–$30,000accumulateddepreciation),andbythe$10,000ofdepreciation.IfPPEstillincreasedby$80,000,$110,000($30,000totaldecrease+$80,000increase)ofequipmentmusthavebeenpurchased.Answer(D)isTheamountof$119,000resultsfromdoublecountingdepreciationexpenseandfromdeductingthegain.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔（单选题）OnJanuary1,Year1,anentitypurchasedanabandonedquarryfor$1,200,000tobeusedasalandfilltoserviceitstrashcollectioncontractswithnearbycitiesforthenext20years.Theentitydepletesthequarryusingtheunitsof-productionmethodbasedonasurveyor’smeasurementsofvolumeofthequarry’spit.Thisamountwas500,000cubicyardswhenpurchasedand350,000cubicyardsatyear-endYear5.Whatisthenetamountthatshouldbeshownontheentity’sDecember31,Year5,statementoffinancialpositionforthequarry?正确答案是：C您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)isTheamountof$1,200,000isthepurchasepriceofthequarry.Answer(B)isincorrect.Theamountof$900,000resultsfromusingstraight-linedepletion.Answer(C)iscorrect.Theunits-of-productionmethodallocatescostbasedonoutput.Thenetamountreportedasanassetforthequarryusingthismethodis$840,000[(350,000cubicyards÷500,000totalcubicyards)×$1,200,000].Answer(D)isTheamountof$360,000equals{$1,200,000–[(350,000÷500,000)×$1,200,000]}.350,000cubicyardsisthevolumeremaininginthequarry’spitatyear-endYear5,notthevolumedepleted.考Unit3Measurement,Valuation,andDisclosure:Long-Term正确笔编辑笔8（单选题）Anewmachinehasaninitialcostof$300,000,anestimatedusefullifeof2,000hoursofuseovera3-yearperiod,andanestimatedresidualvalueof$70,000.Usageratesareestimatedas500hoursintheyear,700hoursintheyear,and800hoursinthethirdyear.DepreciationexpenseinYear2undertheunits-of-productionmethodofdepreciationwillABC$80,500D、展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isThedepreciationexpenseforYear1is$57,500.Answer(B)isincorrect.TheexpenseforYear1calculatedwithoutsubtractingtheresidualvalueis$75,000.Answer(C)iscorrect.Depreciationexpenseequalscostminusresidualvalue,timestheestimatedhoursofuseinYear2dividedbythetotalestimatedhoursofuse.Thus,depreciationexpenseis$80,500[($300,000–$70,000)×(700hours÷2,000Answer(D)isFailingtosubtracttheresidualvalueresultsin考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔（单选题）Acompanyusesstraight-linedepreciationforfinancialreportingpurposes,butusesaccelerateddepreciationfortaxpurposes.Whichofthefollowingaccountbalanceswouldbelowerinthefinancialstatementsusedfortaxpurposesthanitwouldbeint eralpurposefinancialstatements?C、RetainedD、Grosspropertyplantand展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isThebalanceofaccumulateddepreciationishigherinthetax-basisfinancialstatements.Answer(B)isincorrect.Depreciationexpenseisanoncashcharge.Thecashbalanceisunaffectedbythedepreciationmethodused.Answer(C)isBecausethetaxbasisusesanacceleratedmethod,depreciationexpenseandaccumulateddepreciationwillbegreater.Moreover,taxable ewillbelowerthanfinancialnet e.Consequently,tax-basisretainedearningswillbelessthanthatinthegeneralpurposefinancialstatements.Answer(D)isThehistoricalcostofproperty,plant,andequipmentisrecordedinthegrossproperty,plant,andequipmentaccount.Thisamountisunaffectedbydepreciation.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔编辑笔笔（单选题）AllofthefollowingwouldbeincludedaspartofthecostofadepreciableassetexceptA、Coststolevellandtomakeitusableforthecompany’spurposes.B、Freightcoststoshipnewequipmenttothecompany’sfacility.C、Actualinterestcostsincurredduringtheconstructionofanewbuilding.D、Coststoconstructadrivewayonthecompany’sproperty.展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isSitepreparationcosts[clearing,draining,filling,levelingtheproperty,andrazingexistingbuildings,minusanyproceeds(suchastimbersales)]arecostsoftheland,notofthebuildingtobeconstructedontheland.Answer(B)isCostsofequipmentinclude(1)thepurchaseprice(includingsalestaxes);(2)freight-in,handling,insurance,andstorageuntilusebegins;(3)preparation,installation,andstart-upcosts,suchastestingandtrialruns;and(4)reconditioningusedassets.Answer(C)isCapitalizedinterestequalstheweighted-averageaccumulatedexpendituresforaqualifyingassetduringthecapitalizationperiodtimestheinterestrate(s).Thismustnotexceedactualinterest.Answer(D)isIfdriveways,parkinglots,sidewaks,roads,fences,rights-of-way,etc.,havelimitedlivesandmustbemaintainedandreplacedbytheowner,theyshouldbedebitedtolandimprovementsanddepreciated.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔（单选题）ThofdirectorsofIngoldIndustries,Inc.,authorizedDonBurger,ofIngold,topayasmuch$90,000topurchaseatractoflandadjacenttothemainfactory.Burgernegotiatedapriceof$75,800fortheland,andlegalfeesforclosingcostsamountedto$820.Acontractorcleared,filled,andgradedthelandfor$6,800,anddugthefoundationforanewbuildingfor$4,300.Aprefabricatedbuildingwaserectedostof$181,000.Thebuildinghasanestimatedusefullifeof20yearswithnoresidualvalue.Thecontractor’sbillindicatedthatthecostoftheparkinglotanddrivewayswas$7,060.Theparkinglotandthedrivewayswillneedtobereplacedin15years.TheproperamounttoberecordedinIngold’slandaccountisA、B、展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheamountof$76,620resultsfromexcludingthecostofclearing,grading,andfilling.Answer(B)iscorrect.Thecostofacquiringandpreparinglandforitsexpecteduseiscapitalized.Theamounttoberecordedinthelandaccountis$83,420,consistingofthe$75,800purchaseprice,$820closingcosts,andthe$6,800sitepreparationcosts.Answer(C)isincorrect.Theamountof$87,720resultsfromincludingthecostofthebuilding’sfoundation.Answer(D)isincorrect.Theamountof$90,480resultsfromincludingthecostoftheparkinglotanddriveways.Thiscostshouldberecognizedinthelandimprovementsaccount.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔1212（单选题）BasicBrickIncpurchasedmanufacturingequipmentfor$100,000,withanestimatedusefullifeof10yearsandasalvagevalueof$15,000.Thesecondyear’sdepreciationforthisequipmentusingthedouble-decliningbalancemethodisAA、B、D、展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$8,500isthe year’sstraight-linedepreciationafterimproperlysubtractingsalvagevalue.Answer(B)isTheamountof$13,600isthesecondyear’sdepreciationafterimproperlysubtractingsalvagevalue.Answer(C)isUnderthedouble-decliningbalancemethod,thefullcostoftheasset,or$100,000,isdepreciated,butnotbelowsalvagevalue.Becausethestraight-lineratefora10-yearassetis10%(100%÷10),thedouble-decliningbalancerateis20%(10%×2).Theyear’sdepreciationis$20,000($100,000×20%),leavingacarryingamountforthesecondyearof$80,000($100,000–$20,000).Thesecondyear’sdepreciationisthus$16,000($80,000×Answer(D)isTheamountof$20,000is year’s考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔13（单选题）Whichoneofthefollowingcharacteristicsisnotrequiredforanassettobeproperlydescribedaspropertyplant,andA、Heldforuseandnotforinvestment.B、Newlypurchased.C、Expectedlifeofmorethan1year.展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isPPEareheldforuseandnotforinvestment.Answer(B)iscorrect.Theseassetsareknownvariouslyasproperty,plant,andequipment;fixedassets;orplantPPEaretangible.TheyhavephysicalPPEmaybeeitheralproperty(somethingmovable,e.g.,equipment)orrealproperty(suchaslandorabuilding).PPEareusedintheordinaryoperationsofanentityandarenotheldprimarilyforinvestment,resale,orinclusioninanotherproduct.Buttheyareoftensold.PPEarenoncurrent.Theyarenotexpectedtobeusedupwithin1yearorthenormaloperatingcycleofthebusiness,whicheverislonger.However,anassetneednotbenewlypurchasedtobeproperlydescribedasproperty,plant,andequipment.Answer(C)isPPEarenotexpectedtobeusedupwithin1yearorthenormaloperatingcycleofthebusiness,whicheverislonger.Answer(D)isincorrect.PPEaretangble.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔14（单选题）EquipmentboughtbyWilsonGeneratingCompany3yearsagowaschargedtoequipmentexpenseinerror.Thecostoftheequipmentwas$100,000withnoexpectedsalvagevalueanda10-yearestimatedlife.Wilsonusesthelinedepreciationmethodonsimilarequipment.TheerrorwasdiscoveredatofYear3priortotheissuanceofWilson’sfinancialstatements.Aftercorrectionoftheerror,thecorrectcarryingvalueoftheequipmentwillbeABC$80,000D、展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheamountof$30,000isthedepreciationexpensethatshouldhavebeenrecognizedovertheprevious3years.Answer(B)isThestraight-linedepreciationthatshouldhavebeenchargedtotheequipmenthaditbeenproperlycapitalizedis$30,000[$100,000×(3÷10years)].Thus,aftercorrectionoftheerror,thecarryingamountoftheequipmentwillbe$70,000($100,000–$30,000).Answer(C)isTheamountof$80,000istheequipment’scorrectcarryingamountafter2years.Answer(D)isincorrect.Theamountof$100,000isthefulloriginalcostofthe考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔15（单选题）ThetypesofassetsthatqualifyforinterestcapitalizationA、AssetsthatarebeingusedintheearningactivitiesofthereportingB、Assetsthatarereadyfortheirintendeduseintheactivitiesofthereportingentity.C、Assetsthatareconstructedforthereportingentity’sownuse.D、Inventoriesthataremanufacturedinlargetiesonacontinuing展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isAssetsthatarebeingusedinearningactivitiesdonotqualifyforinterestcapitalization.Answer(B)isincorrect.Assetsthatarereadyfortheirintendedusedonotqualifyforinterestcapitalization.Answer(C)iscorrect.Interestshouldbecapitalizedfor(1)assetsconstructedorotherwiseproducedforanentity’sownuse,includingthoseconstructedorproducedbyothers;(2)assetsintendedforsaleorleasethatareconstructedorproducedasdiscreteprojects(e.g.,ships);and(3)certainequity-basedinvestments.Anassetconstructedforanentity’sownusequalifiesforcapitalizationofinterestif(1)relevantexpenditureshavebeenmade,(2)activitiesnecessarytopreparetheassetforitsintendeduseareinprogress,(3)interestisbeingincurred.Theinvesteemusthaveactivitiesinprogressnecessarytocommenceitsplannedprincipaloperationsandbeexpendingfundstoobtainqualifyingassetsforitsoperations.Answer(D)isInventoriesthataremanufacturedinlargetiesonacontinuingbasisdonotqualifyforinterestcapitalization.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔16（单选题）WellingtonIndustrieshasowneditspresentfacilitiessince1981,andMaryDunlap,CEO,hasauthorizedvariousexpenditurestorepairandimprovethebuildingduringthecurrentyear.Thebuildingwasbeginningtosag,andwithoutrepair,thebuildingwouldonlylastanother8years.Tocorrecttheproblem,thefoundationwasreinforced,andseveralcolumnswereaddedinthebasementareaostof$47,200.Asaresult,engineersestimatethatthebuildingwillhavearemainingusefullifeof20years.Toinstallanewcomputerlocalareanetwork(LAN)andbereadyforthenextgenerationofcomputers,thephonelinesandelectricalsystemswereupdatedostof$81,300.Wellingtonengineersestimatethattheseimprovementsshouldlast25years.Theofficesandopenworkspaceswererearrangedtoreduceexposuretoelectronicemissionsatamaterialcostof$31,000.ThepurchaseandinstallationofthecomputersandsoftwarefortheLANcost$102,700.TheLANhardwareandsoftwarewillhavetobereplacedin6years,butfurtherrearrangementoftheofficesandworkspaceswillnotbenecessary.Aftertheaboveimprovementswerecompleted,theentirebuildingwaspaintedinsideandoutsideostofAscontrollerofWellingtonIndustries,whichoneofthefollowingactionswouldyou mendtobeinconformitywithgenerallyacceptedaccountingprinciples?A、Treatallexpendituresasexpensesinthecurrentyearexceptthecostofrearrangement$31,000whichshouldbeamortizedoveraperiodnottoexceed20years.B、CapitalizeallexpendituresbecausetheyrepresentadditionsimprovementsandC、Capitalizeallcostswiththeexceptionoftheupgradetothephoneandelectricalsystemsandthepaintingbecausetheyrepresentmaintenanceexpenses.D、Capitalizeallcostswiththeexceptionofthepaintingbecauseitrepresentsmaintenance展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isTheonlycoststhatshouldbeexpensedarethoseforpainting.Answer(B)isincorrect.Thecostsofadditions,improvements,andrearrangementsshouldbecapitalized,butpaintingisroutinemaintenance.Suchcostsareexpensedasincurred.Answer(C)isThecostsoftheupgradeofthephoneandelectricalsystemsshouldbecapitalized.Theyimprovetheperformanceoftheasset(thebuilding).Answer(D)isExpendituresoncapitalassetsthatimprovetheasset’sperformanceorextenditsusefullifearecapitalizedaspartoftheasset’scost.Accordingly,thebuildingrepairsarecapitalized.Thesubstitutionofabettercomputersystemisclassifiedasanimprovement,andthecostsalsoshouldbecapitalized.Moreover,theentitycapitalizesthecostsofarearrangementoftheconfigurationsoftheofficesandopenworkspacesthat(1)requiresmaterialoutlays,(2)isseparablefromrecurringexpenses,and(3)providesprobablefuturebenefits.However,expendituresthatmerelymaintaintheassetatanacceptablelevelofproductivityareexpensedastheyareincurred.Thus,thecostsofpaintingthebuildingareroutine,minoroutlaysthatshouldbeexpensedimmediay.考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔17（单选题）LakesideElectricpurchasedatruckfor$38,600totransportequipmenttovariousjobsites.Forthispurpose,storagebinswereweldedtothetruckbedostof$1,700.DougLombardi,controllerofLakeside,estimatestheusefullifeoftrucktobe5yearsandtheresidualvaluetobe$1,000.Usingthedouble-decliningbalancemethod,thedepreciationexpenseonthetruckforitssecondyearofuseisA、B、展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isThisamount($9,024)resultsfromfailingtoincludethecostofweldingthestorageandimproperlysubtractingtheresidualvaluefromthedepreciablebase.Answer(B)isincorrect.Thisamount($9,264)resultsfromfailingtoincludethecostofweldingthestoragebinsinthedepreciablebase.Answer(C)isThisamount($9,432)resultsfromimproperlysubtractingtheresidualvaluefromthedepreciablebase.Answer(D)isUnderthedouble-decliningbalancemethod,thefullcostoftheasset,or$40,300($38,600+$1,700),isdepreciated,butnotbelowsalvagevalue.Becausethestraight-lineratefora5-yearassetis20%(100%÷5),thedouble-decliningbalancerateis40%(20%×2).The year’sdepreciationis$16,120($40,300×40%),leavingacarryingamountforthesecondyearof$24,180($40,300–$16,120).Thesecondyear’sdepreciationisthus$9,672($24,180×40%).考Unit3Measurement,Valuation,andDisclosure:Long-Term考正确正确笔编笔编辑笔18（单选题）AlbrightCompanyusesthesum-of-the-years’-digits(SYD)methodofdepreciation.OnJanuary1,thecompanypurchasedamachinefor$50,000.thadanestimatedlifeof5yearsandnoresidualvalue.DepreciationfortheyearwouldA、B、展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$10,000isthestraight-linedepreciationexpense.Answer(B)isincorrect.Theamountof$15,000resultsfromusingthe150%declining-balancemethod.Answer(C)iscorrect.TheSYDmethodmultipliesaconstantdepreciablebase(costminusresidualvalue)byadecliningfraction.Thenumeratoristhenumberofyearsoftheusefullifeminustheyearselapsed(5–0=5).Thedenominatoristhesumofthedigitsoftheyearsintheasset’susefullife(1+2+3+4+5).The year’sdepreciationexpenseistherefore$16,667[$50,000×(5÷15)].Answer(D)isTheamountof$20,000resultsfromusingthedouble-decliningbalance考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔1919（单选题）Whenafixedplantassetwitha5-yearestimatedusefullifeissoldduringthesecondyearhowwouldtheuseofanaccelerateddepreciationmethodinsteadofthestraight-linemethodaffectthegainorlossonthesaleofthefixedplant A、A、B、 C、C、D、 展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheeffectistoincreasegainsanddecreaselosses.Answer(B)iscorrect.Anacceleratedmethodreducesthecarryingamountoftheassetmorerapidlyintheearlyyearsoftheusefullifethandoesthestraight-linemethod.Hence,theeffectofanearlysaleistoincreasethegainordecreasethelossthatwouldhavebeenrecognizedunderthestraight-linemethod.Answer(C)isTheeffectistoincreasegainsanddecreaselosses.Answer(D)isincorrect.Theeffectistoincreasegainsanddecrease考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔20（单选题）Whichoneofthefollowingmethodsofdepreciationwillresultinthelowestreportednet eintheearlylifeofadepreciableasset?A、Compositedepreciationmethod.B、Groupdepreciationmethod.C、Straight-linedepreciationD、Sum-of-the-years’-digitsdepreciation展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isCompositedepreciationusesstraight-linecalculation.Answer(B)isincorrect.Groupdepreciationusesstraight-linecalculation.Answer(C)isincorrect.Sum-of-the-years’-digitsresultsinhigherdepreciationchargesintheearlyyearsofanasset’slife.Answer(D)isSum-of-the-years’-digitsdepreciationhasthehighestdepreciationexpenseintheearlyyearsofanasset’slife,resultinginlowernet 考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔21（单选题）Silken,Inc.,adistributorofsilkgoods,isinitsyearofoperation.Thecompanyhaspurchasedtencomputers$3,500eachwithanestimatedlifeof6years;fivedesksat$500eachwithanestimatedlifeof10years;andtwowordprocessorsat$300each,withanestimatedlifeof4years.Noresidualvalueisanticipatedforanyoftheseassets.Silkenwantstoadoptadepreciationmethodthatwillbeeasytouseandreflectanappropriatedepreciationexpenseforthebusinesseachaccountingperiod.ThemostappropriatemethodwouldbeA、CompositeB、GroupC、InventoryD、Replacement展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isGroupandcompositedepreciationmethodsusethestraight-linetechniqueforanaggregateofassets.Thecompositemethodisusedfordissimilarassets.Answer(B)isThegroupdepreciationmethodisusedforgroupsofsimilarassets.Answer(C)isincorrect.Theinventorymethodisnotameaningfulterminthiscontext.Answer(D)isincorrect.Thereplacementmethodisnotameaningfulterminthis考 Unit3Measurement,Valuation,andDisclosure:Long-Term正确 笔 编辑笔22（单选题）Inwhichofthefollowingsituationsistheunits-of-productionmethodofdepr