Which of the following statements is (are) correct? 选项： A: Accumul

1.A depreciation method in which an equal amount of depreciation expense is assigned to each year of the asset's use is the: 选项： A、units-of-production method. B、straight-line method. C、accelerated depreciation method. D、estimated residual value method.

2.What is nto true about the purpose of charging depreciation in accounts? 选项： A:To ensure that funds are available for the eventual replacement of the asset; B:To reduce the cost of the asset in the statement of financial position to its estimated market value; C:To account for the ‘wearing-out’ of the asset over its life; D:To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use

3.What is nto true about the purpose of charging depreciation in accounts? 选项： A:To ensure that funds are available for the eventual replacement of the asset; B:To reduce the cost of the asset in the statement of financial position to its estimated market value; C:To account for the ‘wearing-out’ of the asset over its life; D:To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use

4.[多选题]Which of the following statements is TRUE? A Allocating the cost of a plant asset over its useful life is called depreciation. B Allocating the cost of a natural resource to an expense is called depletion. C Intangible assets are amortized.

5.The book value of an asset is equal to the选项： A:A. asset's market value less its historical cost.; B:B. blue book value relied on by secondary markets.; C:C. replacement cost of the asset.; D:D. asset's cost less accumulated depreciation.

6.Mater Co purchased a machine with an estimated useful life of 10 years for $85,000 on 30 September 20X5. The machine had a residual value of $17,000. Depreciation policy is straight line method. What are the ledger entries to record the depreciation charge for the machine in the year ended 30 September 20X8? 选项： A:Dr Depreciation charge $8,500 Cr Accumulated depreciation $8,500 ; B:Dr Depreciation charge $6,800 Dr Non-current assets $12,000 Cr Accumulated depreciation $18,800; C:Dr Accumulated depreciation $6,800 Cr Depreciation charge $6,800 ; D:Dr Depreciation charge $6,800 Cr Accumulated depreciation $6,800

7.This information pertains to equipment owned by Brigade Company. Cost of equipment $10000 Estimated residual value $ 2000 Estimated useful life 5 years Depreciation method Straight-line The accumulated depreciation at the end of year 3 is: 选项： A、$ 1600. B、$ 3200. C、$ 4800.

8.Dan is comparing three machines to determine which one to purchase. The machines sell for differing prices, have differing operating costs and machine lives, and will be replaced when worn out. Which one of the following computational methods should Dan use as the basis for his decision? 选项： A: Internal rate of return B:Net present value C:Equivalent annual cost D:Depreciation tax shield E:Bottom-up operating cash flow

9.In 2021, internal auditors discovered that Fay, Inc., had debited an expense account for the $700,000 cost of a machine purchased on January 1, 2018. The machine's useful life was expected to be five years with no residual value. Straight-line depreciation is used by Fay. The journal entry to correct the error will include a credit to accumulated depreciation of:选项： A:$140,000.; B:$280,000.; C:$420,000.; D:$700,000.

10.What is the purpose of depreciation accordance with IAS 16 Property, Plant and Equipment? 选项：Allocate the cost less residual value on a systematic basis over the asset's useful life|Write the asset down to its realisable value each period|Accumulate a fund for asset replacement|Recognise that assets lose value over time

11.Which of the following statements describes the assumption underlying the straight-line method of depreciation?选项： A:Depreciation is the same for each year of the asset's useful life B:The asset makes a higher contribution when it is new C:There is a variable contribution to revenue D:The asset's contribution to revenue relates mainly to obsolescence

12.Which of the following statements regarding depreciation is correct? （）选项： A:All non-current assets must be depreciated. B:Units-of-production method is usually the most appropriate method of depreciation. C:A change in the chosen depreciation method is a change in accounting policy which should be disclosed. D:Depreciation charges must be based upon the carrying value of an asset (less residual value if appropriate).

13.Which one of the following statements is the MOST accurate? （ )选项： A:An appreciation of a country's currency makes its goods more expensive. B:A depreciation of a country's currency makes its goods more expensive for foreigners. C:A depreciation of a country's currency makes its goods cheaper. D:A depreciation of a country's currency makes its goods cheaper for foreigners.

14.Depreciation is the process of allocating the cost of a plant asset over its service life in选项： A:an equal and equitable manner.; B:an accelerated and accurate manner.; C:a systematic and rational manner.; D:a conservative market-based manner.

15.(P1)Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the units-of-production method. The company estimates it will use the machine for 5 years, during which time it anticipates producing 40,000 units. The machine is estimated to have a $4,000 salvage value. The company produces 9,000 units in year 1 and 6,000 units in year 2. Depreciation expense in year 2 is: 选项： A、$3,000. B、$4,000. C、$9,600. D、$4,500. E、$14,400.

16. Which of the following statements regarding depreciation are incorrect? 选项： A、 All non-current assets must be depreciated B、 Unit of production method is usually the most appropriate method of depreciation C、 A change in the chosen depreciation method is a change in accounting policy which should be disclosed D、 Depreciation charges must be based upon the carrying value of an asset (less residual value if appropriate)

17. The purpose of depreciation is to: 选项： A、 Allocate the cost less residual value on a systematic basis over the asset's useful economic life B、 Write the asset down to its market value each period C、 Charge profits for the use of the asset D、 Recognize that assets lose value over time

18. Which of the following statements relating to current cost is not correct? 选项： A: The amounts are calculated using the effective interest method. B: Replacement cost is an entity-specific measure that depends on management intention. C: It lacks comparability as there may be significant differences between entities in determining current cost. D: In some circumstances reproduction cost may not be able to be established due to the uniqueness of a Particular asset.

19. A company purchased a plant asset for $45,000. The asset has an estimated salvage value of $6,000, and an estimated useful life of 10 years. Please to determine the annual depreciation expense using the straight-line method.

20.In accounting, depreciation refers to the: 选项： A、method of spreading the cost of an asset over its useful life. B、 method of declining the market value of an asset to its book value. C、 method of estimation of an asset's current market value. D、 process of sale of a used asset.

21.MCQ-05921A corporation issues quarterly interim financial statements and uses the lower cost ormarket method to value its inventory in its annual financial statements . Which of the following statements is correct regarding how the corporation should value its inventory in its interim financial statements? 选项： A: Inventory losses generally should be recognized in the interim statements . B:Temporary market declines should be recognized in the interim statements . C:Only the cost method of valuation should be used . D:Gains from valuations in previous interim periods should be fully recognized .