The depreciation expense (in MXN) will most likely be:
A.180,000 lower using the straight-line method compared with the double-declining balance method.
B.140,000 higher using the units-of-production method compared with the straight-line method.
C.112,000 higher using the double-declining method compared with the units-of-production method.
第1题
ted to have a 3 year life and a residual value of €5,000.If the company depreciates the asset using the double declining balance method, the depreciation expense that the company will report for the third year is closest to:
A.€555.
B.€3,328.
C.€3,705.
第2题
lifts, etc.) for €50 million, which were valued by an appraiser as follows: Land €10 million, building €35 million, and equipment €5 million.The company incurred the following additional costs in getting the warehouse ready to use:
·€2.0 million for repairs to the building’s roof and windows
·€0.5 million to modify the interior layout to meet their needs (moving walls and doors, inserting and removing partitions, etc.)
·€0.1 million on an orientation and training session for employees to familiarize them with the facility
The cost to be capitalized to the building account (in millions) for accounting purposes is closest to:
A.€37. 0.
B.€37. 5.
C.€38. 5.
第3题
A company has announced that it is going to distribute a group of long-lived assets to its owners in a spin-off.The most appropriate way to account for the assets until the distribution occurs is to classify them as:
A.held for sale with no depreciation taken.
B.held for use until disposal with no deprecation taken.
C.held for use until disposal with depreciation continuing to be taken.
第4题
equipment has a 4 year life and no salvage value.HEI estimates that the equipment will be used to produce the following units of inventory:
To maximize profit margin for 20x5, the depreciation method HEI will use is :
A.Straight-line
B.Units of production.
C.Double-declining balance.
第5题
method, rather than straight-line, could expect a lower value for:
A.Asset turnover.
B.Shareholders’ equity.
C.Asset turnover and shareholders’ equity.
第6题
useful life of 5 years and a salvage value of $600,000.Assuming that the company uses double-declining-balance depreciation method rather than straight-line depreciation methods, the third-year depreciation expense difference and EBIT will be:
A.$272,000 and the EBIT is higher using DDB.
B.$400,000 and the EBIT is lower using DDB.
C.$675,200 and the EBIT is higher using DDB.
第7题
equipment if incurred during construction of a new facility?
A.Interest costs during construction.
B.Expenses associated with classified advertising to recruit new employees.
C.Shipping costs for an assembly required for customizing new equipment.
第8题
l life of five years, at which time it will have a salvage value of $10,000.Using the double-declining balance method, Year 3 depreciation expense is closest to:
A.$27,200
B.$16,320
C.$9,792
第9题
. Company Y’s fixed assets have a four-year useful life for financial purpose (which is double the useful life for tax purpose) and are depreciated using the straight-line method.
The effective tax rate for the company is closest to:
A.30.0%
B.26.7%
C.24.0%.
第10题
a total of $6.7 million in corporate taxes. Bao paid $4.4 million of the tax bill, but still owes $2.3 million. It also received $478,000 in the second quarter as a down payment towards $942,000 in custom-built products to be delivered in the third quarter. Its financial accounts for the second for the second quarter most likely show the $2.3 million and the $478,000 as:
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