ACC 291 Final Exam Guide ( New )
ACC 291 Final Exam Guide ( New )
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ACC 291 Final Exam Study Guide Question 207 On January 1 , a machine with a useful life of five years and a residual value of $ 40,000 was purchased for $ 120,000 . What is the depreciation expense for year 2 under the double-declining-balance method of depreciation ? IFRS Multiple Choice Question 01 As a recent graduate of State University you ' re aware that IFRS requires component depreciation for plant assets . A friend has asked you to succinctly explain what component depreciation means . Which of the following correctly describes component depreciation ? Multiple Choice Question 198 Given the following account balances at year end , compute the total intangible assets on the balance sheet of Janssen Enterprises . Cash $ 1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation : Intangible Assets = Goodwill + Trademarks = 3,500,000
Multiple Choice Question 146 Bonds with a face value of $ 300,000 and a quoted price of 97ΒΌ have a selling price of Multiple Choice Question 188 Sparks Company received proceeds of $ 423,000 on 10-year , 8 % bonds issued on January 1 , 2013 . The bonds had a face value of $ 400,000 , pay interest annually on December 31st , and have a call