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Question : 71. A company purchased a POS cash register January 1 for : 1256972

Accounting

 

 

71. A company purchased a POS cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the year of its useful life using the double-declining-balance method? 

A. $500

B. $800

C. $864

D. $1,000

E. $1,080

 

 

72. A company purchased a rope-braiding machine for $190,000. The machine has a useful life of eightyears and a residual value of $10,000. It is estimated that the machine could produce 750,000 units of climbing rope over its useful life. In the first year, 105,000 units were produced. In the second year, production increased to 109,000 units. Using the units-of-production method, what is the amount of depreciation that should be recorded for the second year? 

A. $25,200

B. $26,160

C. $26,660

D. $27,613

E. $53,160

 

 

73. A company purchased a machine for $970,000. The machine has a useful life of 12 years and a residual value of $4,500. It is estimated that the machine could produce 1,000,000 units over its useful life. In the first year, 200,000 units were produced. In the second year, production increased to 300,000 units. Using the units-of-production method, what is the book value of this asset at the end of the second year of operations? 

A. $482,750

B. $487,250

C. $485,000

D. $291,000

E. $289,650

 

 

74. A depreciable asset currently has a $40,100 book value. The company owning the asset uses straight-line depreciation. They paid $70,000 for this asset and consider it to have a $1,000 salvage value with a 12-year useful life. How long has the company owned this asset? 

A. 5.2 years

B. 7 years

C. 10.2 years

D. 12 years

E. Cannot be determined from the given information.

 

 

75. A depreciable asset currently has a $24,500 book value. The company owning the asset uses straight-line depreciation. They paid $37,000 for this asset and consider it to have a $2,000 salvage value with a seven-year useful life. How long has the company owned this asset? 

A. 2.5 years

B. 2.36 years

C. 2.1 years

D. 7 years

E. Cannot be determined from the given information.

 

 

 

76. Revenue expenditures: 

A. Are additional costs of plant assets that do not materially increase the asset’s life or its productive capabilities.

B. Are known as balance sheet expenditures.

C. Extend the asset’s useful life.

D. Substantially benefit future periods.

E. Are debited to asset accounts.

 

 

77. Another name for a capital expenditure is: 

A. Revenue expenditure

B. Asset expenditure

C. Long-term expenditure

D. Contributed capital expenditure

E. Balance sheet expenditure

 

 

78. Extraordinary repairs: 

A. Are revenue expenditures.

B. Extend an asset’s useful life beyond its original estimate.

C. Are credited to accumulated depreciation.

D. Are additional costs of plant assets that do not materially increase the asset’s life.

E. Are expensed as incurred.

 

 

 

 

79. A company sold a machine that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the machine was $40,000. The company should recognize a: 

A. $0 gain or loss

B. $20,000 gain

C. $20,000 loss

D. $40,000 loss

E. $60,000 gain

 

 

80. A company discarded a display case that it had originally purchased for $8,000. The case had $7,200 worth of accumulated depreciation. The company should recognize a(n): 

A. $0 gain or loss

B. $800 loss

C. $800 gain

D. $8,000 loss

E. $7,200 loss

 

 

 

 

 

 

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July 1, 2023
    

In this assignment, you will assess your understanding of the Christian worldview, including the main topics you have covered up to this point. You will summarize and analyze the essential elements of the Christian worldview and reflect on implications for your own worldview.

Write a 1,250-1,500-word essay using at least two course resources (textbook, topic overviews, the Bible) and at least two other sources from the GCU Library to support your points. Remember, the Bible counts as one reference regardless of how many times you use it or how many verses you cite.

Begin your paper with an appropriate introduction, including a thesis statement to introduce the purpose of the paper.

Organize your paper with the following sections, using the seven underlined titles for subheadings.

Write at least one paragraph for each component using the underlined titles for a subheading. 

  1. God: What is God like? What are God's characteristics? What is his creation?
  2. Humanity: What is human nature? What is human purpose? What is the root cause of human problems?
  3. Jesus: What is Jesus' true identity? What did Jesus do? Why is Jesus' identity and work significant for the Christian worldview?
  4. Restoration: What is the solution to human problems according to the Christian worldview? What role do grace and faith play in Christian salvation? How do Christians think that the transformation of self and society happen?
  5. Analysis: Analyze the Christian worldview by addressing each of the following questions: What are the benefits or strengths of Christian belief? What is troublesome or confusing about Christianity? How does Christianity influence a person's thinking and behavior?
  6. Reflection: Reflect on your worldview by answering one of the following questions: If you are not a Christian, what similarities and differences are there between your worldview and the Christian worldview? If you are a Christian, how specifically do you live out the beliefs of the Christian worldview?
  7. Conclusion: Synthesize the main points, pulling the ideas of the paper together.
  8. References

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

default image
July 1, 2023
    

In this assignment, you will assess your understanding of the Christian worldview, including the main topics you have covered up to this point. You will summarize and analyze the essential elements of the Christian worldview and reflect on implications for your own worldview.

Write a 1,250-1,500-word essay using at least two course resources (textbook, topic overviews, the Bible) and at least two other sources from the GCU Library to support your points. Remember, the Bible counts as one reference regardless of how many times you use it or how many verses you cite.

Begin your paper with an appropriate introduction, including a thesis statement to introduce the purpose of the paper.

Organize your paper with the following sections, using the seven underlined titles for subheadings.

Write at least one paragraph for each component using the underlined titles for a subheading. 

  1. God: What is God like? What are God's characteristics? What is his creation?
  2. Humanity: What is human nature? What is human purpose? What is the root cause of human problems?
  3. Jesus: What is Jesus' true identity? What did Jesus do? Why is Jesus' identity and work significant for the Christian worldview?
  4. Restoration: What is the solution to human problems according to the Christian worldview? What role do grace and faith play in Christian salvation? How do Christians think that the transformation of self and society happen?
  5. Analysis: Analyze the Christian worldview by addressing each of the following questions: What are the benefits or strengths of Christian belief? What is troublesome or confusing about Christianity? How does Christianity influence a person's thinking and behavior?
  6. Reflection: Reflect on your worldview by answering one of the following questions: If you are not a Christian, what similarities and differences are there between your worldview and the Christian worldview? If you are a Christian, how specifically do you live out the beliefs of the Christian worldview?
  7. Conclusion: Synthesize the main points, pulling the ideas of the paper together.
  8. References

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

default image
July 1, 2023
    

In this assignment, you will assess your understanding of the Christian worldview, including the main topics you have covered up to this point. You will summarize and analyze the essential elements of the Christian worldview and reflect on implications for your own worldview.

Write a 1,250-1,500-word essay using at least two course resources (textbook, topic overviews, the Bible) and at least two other sources from the GCU Library to support your points. Remember, the Bible counts as one reference regardless of how many times you use it or how many verses you cite.

Begin your paper with an appropriate introduction, including a thesis statement to introduce the purpose of the paper.

Organize your paper with the following sections, using the seven underlined titles for subheadings.

Write at least one paragraph for each component using the underlined titles for a subheading. 

  1. God: What is God like? What are God's characteristics? What is his creation?
  2. Humanity: What is human nature? What is human purpose? What is the root cause of human problems?
  3. Jesus: What is Jesus' true identity? What did Jesus do? Why is Jesus' identity and work significant for the Christian worldview?
  4. Restoration: What is the solution to human problems according to the Christian worldview? What role do grace and faith play in Christian salvation? How do Christians think that the transformation of self and society happen?
  5. Analysis: Analyze the Christian worldview by addressing each of the following questions: What are the benefits or strengths of Christian belief? What is troublesome or confusing about Christianity? How does Christianity influence a person's thinking and behavior?
  6. Reflection: Reflect on your worldview by answering one of the following questions: If you are not a Christian, what similarities and differences are there between your worldview and the Christian worldview? If you are a Christian, how specifically do you live out the beliefs of the Christian worldview?
  7. Conclusion: Synthesize the main points, pulling the ideas of the paper together.
  8. References

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

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