Ask Experts Questions for FREE Help !
Ask
    maude1's Avatar
    maude1 Posts: 2, Reputation: 1
    New Member
     
    #1

    Jul 5, 2012, 07:52 AM
    accounting
    One difference between the double-declining-balance method and the straight-line method is that the double-declining-balance method:
    A. Uses book value instead of depreciable cost in the calculation of depreciation
    B. Cannot be used for tax purposes.
    C. Does not consider the useful life of the asset in the calculation of depreciation.
    D. Takes book value below residual value
    maude1's Avatar
    maude1 Posts: 2, Reputation: 1
    New Member
     
    #2

    Jul 5, 2012, 07:53 AM
    accounting
    When a company determines that estimated future cash flows from an asset are less than the book value of the asset, it records:
    A. An asset impairment gain, if the value of the cash flows exceeds the asset's book value
    B. an asset impairment loss, if the value of the cash flows exceeds the asset's book value.
    C. an asset impairment gain, if the asset's book value exceeds the value of the cash flows.
    D. an asset impairment loss, if the asset's book value exceeds the value of the cash flows
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #3

    Jul 5, 2012, 02:32 PM
    What do you think
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #4

    Jul 5, 2012, 02:33 PM
    What do you think

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Questions on financial accounting,cost and management accounting [ 3 Answers ]

I want different sets of questions on financial accounting,cost and management accounting for free. I am a teacher in this area

AP Journal Entires - accrual accounting and cash accounting [ 6 Answers ]

What are the journal entries for accrual accounting and cash accounting for an invoice and a payment?

List five differences between management accounting and cost accounting [ 1 Answers ]

Describe five differences between management accounting and cost accounting


View more questions Search