会计学原理（英）章节测试课后答案2024春

第八章测试

1.Depreciation:（ ）
A:Is the process of allocating the cost of a plant asset to expense. B:Measures the decline in market value of an asset. C:Measures physical deterioration of an asset. D:Is applied to land.
答案:A
2.When originally purchased, a vehicle costing $23,000 had an estimated useful life of 8 years and an estimated salvage value of $3,000. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: （ ）
A:B. $2,875 B:$2,500 C:$11,500 D:$5,000 3.Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be: （ ）
A:$90,000 B:$54,000 C:$36,000 D:$16,000 4.To capitalize an expenditure is to:（ ）
A:Credit an expense account. B:Debit an expense account. C:Debit an asset account. D:Credit an asset account. 5.A company had a tractor destroyed by fire. The tractor originally cost $85,000 with accumulated depreciation of $60,000. The proceeds from the insurance company were $20,000. The company should recognize: （ ）
A:A gain of $5,000. B:A gain of $65,000. C:A loss of $5,000. D:A gain of $20,000.