manegerial accounts que Additions to plant assets?(a) decrease liabilities.(b) increase a repair expense account.(c) increase a purchases account.0 (d) are capital expenditures.

The correct answer is: (d) are capital expenditures. ExplanationAdditions to plant assets refer to…

Answered: Additions to plant assets? (a) decrease…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter5: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 1MC: LO1 The purpose of depreciation is to (a) spread the cost of an asset over its useful life. (b) show...

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Depreciation is recorded to: A. Allocate the cost of an asset over its useful lifeB. Reduce the market value of the assetC. Increase the value of an assetD. Account for inflation
Depreciation is a process that involves:a. Increasing the value of assetsb. Distributing the cost of an asset over its useful lifec. Eliminating the need for financial statementsd. Reducing the value of liabilities
(Multiple Choice Question) Amortizable Cost refers to 1. An asset's Net Book Value minus its Accumulated Amortization 2. The added cost of a capital asset after undergoing a capital improvement 3. The portion of the cost of the asset that will amortize over its useful life 4. The entire cost of a capital asset
Capital expenditures incurred subsequent to purchase of property assets increase total assets. T/F
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4. The most appropriate definition of depreciation is: A. A means of determining the decrease in the market value of an asset over time B. A means of allocating the cost of an asset over a number of accounting periods C. A means of setting funds aside for the replacement of the asset D. A means of estimating the current value of the asset
In determining the value in use, which of the following cash flow is excluded from the computation? I. Income tax receipts or payments. II. Net cash flows received or paid on the disposal of the asset at the end of its useful life in an arm's length transaction which is after using the asset. III. Future costs of improving or enhancing the asset's performance.
Which of the following statements regarding investment is correct? O a. Housing construction is classified as investment expenditure rather than consumption expenditure. O b. The accumulation of inventories does not count as current investment. O c. The capital stock includes investment in stocks and bonds. O d. Rental payments are included as investment expenditures. O . Depreciation refers to funds used to increase the existing stock of capital.
The capitalization of interest cost during construction?: a) increases net income during construction phase b) increases future net income c) decreases future depreciation expense d) decreases assets during construction phase
A capital expenditure would be: Group of answer choices added to the cost of the asset ignored subtracted from the cost of the asset an expense on the income statement

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Additions to plant assets? (a) decrease liabilities. (b) increase a repair expense account. (c) increase a purchases account. 0 (d) are capital expenditures.