Question

Please help me I have less then 40mins please

Answer 1

The answer would be C :)

Answer 2

#1.
When calculating declining-balance depreciation, the straight-line rate was used instead of double the straight-line rate. In the first year of ownership, this error would cause C. the period end assets to be overstated.

#2. 
A depreciation method that allocates depreciation of a plant asset based on the Tax Act of 1989 is the C. modified accelerated cost recovery.

#3.
Salvage value was ignored when originally calculating the units-of-production depreciation. This error would cause B. the period’s net income to be understated.

#4.
The allocation of the cost of a natural resource is B. depletion.

#5.
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause A. the period’s net income to be overstated.

#6.
Intellectual property assets are C. amortized.