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Ghella [55]
3 years ago
10

Match the items below by entering the appropriate code letter in the space provided. Plant assets Book value Salvage value Strai

ght-line method Units-of-activity method Double-declining-balance method MACRS Revenue expenditures Capital expenditures 1. Small expenditures which primarily benefit the current period. 2. Cost less accumulated depreciation. 3. An accelerated depreciation method used for financial statement purposes. 4. Tangible resources that are used in operations and are not intended for resale. 5. Equal amount of depreciation each period. 6. Expected cash value of the asset at the end of its useful life. 7. Process of allocating the cost of equipment over its service life. 8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful li 9. An accelerated depreciation method used for tax purposes. 10. Useful life is expressed in terms of units of production or expected use.
Business
1 answer:
disa [49]3 years ago
7 0

Answer:

1. Small expenditures which primarily benefit the current period. REVENUE EXPENDITURES

2. Cost less accumulated depreciation. BOOK VALUE

3. An accelerated depreciation method used for financial statement purposes. DOUBLE DECLINING BALANCE METHOD

4. Tangible resources that are used in operations and are not intended for resale. PLANT ASSETS

5. Equal amount of depreciation each period. STRAIGHT LINE METHOD

6. Expected cash value of the asset at the end of its useful life. SALVAGE VALUE

7. Process of allocating the cost of equipment over its service life. DEPRECIATION

8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful life CAPITAL EXPENDITURES

9. An accelerated depreciation method used for tax purposes. MACRS

10. Useful life is expressed in terms of units of production or expected use. UNITS OF ACTIVITY METHOD

Explanation:

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Answer:

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4 0
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Action learning uses challenging, structured outdoor activities, which include difficult sports.A. TrueB. false
mixas84 [53]

Answer: The answer is True.

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6 0
3 years ago
A higher price/earnings ratio signifies a higher return on investment. <br> a. True <br> b. False
PolarNik [594]
Should be true because higher price of an item will end up give more money if you invest on that item compared to those goods of lower value
8 0
3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
FinnZ [79.3K]

Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

= 462 (Favourable)

Materials price variance = (Standard price - Actual price) * Actual quantity

= [1.8 - (2,850/1,500)] * 1,500

= 150 Unfavourable

Materials quantity variance = (Standard quantity - Actual quantity) * Standard price

= [(230 * 8) - 1,500] * 1.8

= 612 Favourable

Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)

= 19,458 - (230 * 84)

= 138 Unfavourable

Labour price variance = (Standard rate - Actual rate) *  Actual hours

= [14 - (19,458/1,410)] * 1,410

= 282 Favourable

Labour quantity variance = (Standard hours - Actual hours) * Standard rate

= [(230 * 6) - 1,410] * 14

= 420 Unfavourable

6 0
3 years ago
Lowden Company has an overhead application rate of 162% and allocates overhead based on direct material cost. During the current
GrogVix [38]

Answer:

The amount of overhead Lowden Company should record in the current period is $124,740

Explanation:

Overhead application = 162%

Material cots = $77,000

Labor cost = $63,000

As allocated overhead based on direct material cost

Current period Overhead = $77,000 x 162%

Current period Overhead = $77,000 x 1.62

Current period Overhead = $124,740

So, the amount of overhead Lowden Company should record in the current period is $124,740

4 0
3 years ago
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