97.Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the accumulated depreciation at the end of the second year of its useful life using the double-declining-balance method?
A.$2,176.
B.$544.
C.$1,200.
D.$600.
E.$1,224.
98.Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the book value of the asset at the end of the first year of its useful life using the double-declining-balance method?
A.$680.
B.$2,320.
C.$2,720.
D.$600.
E.$300.
99.A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year?
A.$48,133.
B.$45,600.
C.$22,500.
D.$23,750.
E.$81,600.
100.A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of accumulated depreciation at the end of the second year?
A.$48,133.
B.$45,600.
C.$86,133.
D.$23,750.
E.$81,600.
101.A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the book value of the machine at the end of the second year?
A.$108,400.
B.$144,400.
C.$81,600.
D.$190,000.
E.$180,000.
102.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 because they relate to plant assets.
C.Extend the asset’s useful life.
D.Substantially benefit future periods.
E.Are debited to asset accounts when incurred.
103.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.
104.Extraordinary repairs:
A.Are revenue expenditures.
B.Extend the useful life of an asset beyond its original estimate.
C.Are credited to accumulated depreciation.
D.Are additional costs of plants assets that do not materially increase the asset’s life.
E.Are expensed when incurred.
105.Which of the following is an example of an extraordinary repair?
A.New tires for a truck.
B.Replacement of all florescent light tubes in an office.
C.Carpet cleaning and repair.
D.Replacing the roof on a manufacturing warehouse.
E.Routine machine maintenance.
106.Ordinary repairs meet all of the following criteria except:
A.Are expenditures to keep an asset in normal operating condition.
B.Are necessary if an asset is to perform to expectations over its useful life.
C.Extend the useful life of an asset beyond its original estimate.
D.Include cleaning, lubricating, and normal adjusting.
E.Are treated as expenses.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more