Accounting) please give answer What is the primary purpose of the systematicallocation principle?a) To distribute costs evenly over the asset's usefullifeb) To record all costs immediately as expensesc) To delay cost recognition indefinitelyd) To allocate costs only when cash is paid

Explanation of Systematic Allocation Principle: The systematic allocation principle is a fundamental…

Answered: What is the primary purpose of the…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter4: Income Measurement And Accrual Accounting

Section: Chapter Questions

Problem 4.3E

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Th e valuation technique under which assets are recorded at the amount that would be received in an orderly disposal is: A . current cost.
Managing current assets involves a trade-off between two types of costs. These costs are: Group of answer choices cash-out costs and stock-out costs. shortage costs and cash-out costs. carrying costs and shortage costs. carrying costs and opportunity costs.
General Accounting
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Tangible assets are first recorded at: Multiple Choice cost minus residual (or salvage) value. the amount of cash paid for them. current market value or resale value. all costs to acquire them and prepare them for use.
The historical cost principle requires that assets be reported at their: a) Market value b) Replacement cost c) Fair value d) Original cost
Outline how you would incorporate the following into the CCAPM:a. Liquidity.b. Nontraded assets. (Do you have to worry about labor income?)
TRUE OR FALSE The principle of historical cost states that acquired assets should be recorded at their actual cost and not at what management thinks they are worth as at reporting date.
Which of the following is not a pervasive expense recognition principle? a. immediate recognition b. systematic and rational allocation c. cash payment d. association of cause and effect
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Cost includes all costs necessary to bring the asset to a working condition for its intended use. Which of these costs are taken as a part of cost of assets? I. Invoice price II. Transportation cost III. Installation charges I and II II and III I, II and III I and III

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What is the primary purpose of the systematic allocation principle? a) To distribute costs evenly over the asset's useful life b) To record all costs immediately as expenses c) To delay cost recognition indefinitely d) To allocate costs only when cash is paid