Which depreciation method is most frequently used in businesses today? Straight Line Declining Balance Units of Activity Double Declining balance
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- Which depreciation method is most frequently used in businesses today? Select one: a. Straight-line b. Declining-balance c. Units-of-activity d. Double-declining-balance Two methods of accounting for uncollectible accounts are the Select one: a. allowance method and the accrual method. b. direct write-off method and the accrual method. c. allowance method and the net realizable method. d. direct write-off method and the allowance method. Which of the following methods of computing depreciation is production based? Select one: a. Units-of-activity b. Straight-line c. Declining-balance d. None of these answer choices are correct. An alternative name for Bad Debt Expense is Select one: a. Collection Expense. b. Credit Loss Expense. c. Deadbeat Expense. d. Uncollectible Accounts Expense. A company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life.…Accumulated Depletion a. is used by all companies with natural resources b. has a normal debit balance c. is a contra-asset account d. is server shown on the balance sheetWhich of the following statements is true? a. The fixed asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the fixed assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the fixed asset turnover ratio will decrease. d. A relatively low fixed asset turnover ratio signals that a company is efficiently using its assets.
- While calculating operating profit which will not be added back to net profit a. Preliminary Expenses Written off b. Depreciation c. Loss on Sale of Asset d. Rent ExpensesDefi ning total asset turnover as revenue divided by average total assets, all else equal, impairment write-downs of long-lived assets owned by a company will most likely result in an increase for that company in: B . the total asset turnover but not the debt-to-equity ratioIn the Excel, or spreadsheet, approach to recording financial transactions, factory depreciation is recorded as a decrease in the Property, Plant, and Equipment column and as a decrease in the Retained Earnings column. True or False True False
- Accounting Which of the following IS an example of an accounting-based earnings management (EM) strategy designed to increase reported earnings? Failing to take the appropriate impairment charge on property, plant and equipment 1. Reducing expenditures on R&D Unusually high deferred revenues Unusually low cash flow from operations 2. 3. 4.Defi ning total asset turnover as revenue divided by average total assets, all else equal, impairment write-downs of long-lived assets owned by a company will most likely result in an increase for that company in: A . the debt-to-equity ratio but not the total asset turnover.Which of the following would NOT be reflected in the income statement? Group of answer choices A.Correction of an error in previously issued financial statements B.Loss on disposal of a segment of a business C.Cumulative effect of a change in depreciation methods D.An extraordinary item
- in horizontal analysis explain the results of total current asset and non current assets and what its impact of the results to the companyCurrent Attempt in Progress The return on total assets measures 4 O profitability by combining the effects of the profit margin and asset turnover. O efficiency, profitability, and liquidity. O how efficiently a company uses its assets to generate sales. O liquidity. Save for Later AttemExplain how the DuPont system of analysis breaks down return on assets?
