10 Match the the term with its definition. Activity Method | Choose] [Choos Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 3 Minutes, 39 Seconds Composite Approach Depreciation Depreciable Cost The amount an asset is expected to be sold for at the end of its useful life. Correct Answer A depreciation method that uses a fraction when calculating depreciation expense. Correct Answer Occurs when the expected future cash flows of an asset becomes less than the carrying value of the asset. Correct Answer Depreciation method that initially ignores salvage value in the calculation of depreciation expense. Depreciation is calculated on the carrying value of the asset. Correct Ans A method of allocating the cost of a long term asset over the length of time that asset generates revenue. Correct Answer Depreciation method that focuses on asset usage instead of length of time Correct Answer A depreciation method where depreciation expense remains constant from year to year. Correct Answer Depreciaton method that is used when multiple assets that are dissimilar and have different lives are depreciated together. Correct Answer Depreciaton method that is used when multiple assets that are similar and have the same useful lives are depreciated together. Correct Answer The cost of an asset less it's salvage value. Correct Answer Double-Declining Balance Method Group Method Impairment Salvage Value Straight-line Method [Choose ] [Choose ] Choose Choose | [Choose ] Sum-of-the-years- Digits Method Choose > > < 5:38 PM 465
10 Match the the term with its definition. Activity Method | Choose] [Choos Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 3 Minutes, 39 Seconds Composite Approach Depreciation Depreciable Cost The amount an asset is expected to be sold for at the end of its useful life. Correct Answer A depreciation method that uses a fraction when calculating depreciation expense. Correct Answer Occurs when the expected future cash flows of an asset becomes less than the carrying value of the asset. Correct Answer Depreciation method that initially ignores salvage value in the calculation of depreciation expense. Depreciation is calculated on the carrying value of the asset. Correct Ans A method of allocating the cost of a long term asset over the length of time that asset generates revenue. Correct Answer Depreciation method that focuses on asset usage instead of length of time Correct Answer A depreciation method where depreciation expense remains constant from year to year. Correct Answer Depreciaton method that is used when multiple assets that are dissimilar and have different lives are depreciated together. Correct Answer Depreciaton method that is used when multiple assets that are similar and have the same useful lives are depreciated together. Correct Answer The cost of an asset less it's salvage value. Correct Answer Double-Declining Balance Method Group Method Impairment Salvage Value Straight-line Method [Choose ] [Choose ] Choose Choose | [Choose ] Sum-of-the-years- Digits Method Choose > > < 5:38 PM 465
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![10
Match the the term with its definition.
Activity Method
| Choose]
[Choos
Time Elapsed: Hide Time
Attempt due: May 12 at 11:59pm
3 Minutes, 39 Seconds
Composite Approach
Depreciation
Depreciable Cost
The amount an asset is expected to be sold for at the end of its useful life. Correct Answer
A depreciation method that uses a fraction when calculating depreciation expense. Correct Answer
Occurs when the expected future cash flows of an asset becomes less than the carrying value of the asset. Correct Answer
Depreciation method that initially ignores salvage value in the calculation of depreciation expense. Depreciation is calculated on the carrying value of the asset. Correct Ans
A method of allocating the cost of a long term asset over the length of time that asset generates revenue. Correct Answer
Depreciation method that focuses on asset usage instead of length of time Correct Answer
A depreciation method where depreciation expense remains constant from year to year. Correct Answer
Depreciaton method that is used when multiple assets that are dissimilar and have different lives are depreciated together. Correct Answer
Depreciaton method that is used when multiple assets that are similar and have the same useful lives are depreciated together. Correct Answer
The cost of an asset less it's salvage value. Correct Answer
Double-Declining Balance Method
Group Method
Impairment
Salvage Value
Straight-line Method
[Choose ]
[Choose ]
Choose
Choose |
[Choose ]
Sum-of-the-years- Digits Method
Choose
>
>
<
5:38 PM
465](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bd9fd3d-4f4d-4003-91c9-9c50e6822cb0%2Fbcec480f-d834-4e0d-b8ff-c7d835ff7f5d%2Fw37eyuk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:10
Match the the term with its definition.
Activity Method
| Choose]
[Choos
Time Elapsed: Hide Time
Attempt due: May 12 at 11:59pm
3 Minutes, 39 Seconds
Composite Approach
Depreciation
Depreciable Cost
The amount an asset is expected to be sold for at the end of its useful life. Correct Answer
A depreciation method that uses a fraction when calculating depreciation expense. Correct Answer
Occurs when the expected future cash flows of an asset becomes less than the carrying value of the asset. Correct Answer
Depreciation method that initially ignores salvage value in the calculation of depreciation expense. Depreciation is calculated on the carrying value of the asset. Correct Ans
A method of allocating the cost of a long term asset over the length of time that asset generates revenue. Correct Answer
Depreciation method that focuses on asset usage instead of length of time Correct Answer
A depreciation method where depreciation expense remains constant from year to year. Correct Answer
Depreciaton method that is used when multiple assets that are dissimilar and have different lives are depreciated together. Correct Answer
Depreciaton method that is used when multiple assets that are similar and have the same useful lives are depreciated together. Correct Answer
The cost of an asset less it's salvage value. Correct Answer
Double-Declining Balance Method
Group Method
Impairment
Salvage Value
Straight-line Method
[Choose ]
[Choose ]
Choose
Choose |
[Choose ]
Sum-of-the-years- Digits Method
Choose
>
>
<
5:38 PM
465
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education