ACCT 304 help A Guide to career/Snaptutorial ACCT 304 help A Guide to career/Snaptutorial | Page 5

1. (TCO 4)In the first year of an asset's life, which of the following
methods has the smallest depreciation?
2. (TCO 4)Depletion refers to the cost allocation for:
3. (TCO 4)Depreciation, depletion, and amortization:
4. (TCO 4)Cutter Enterprises purchased equipment for $72,000 on
January 1, 2011. The equipment is expected to have a five-year life
and a residual value of $6,000. Using the straight-line method, the
book value at December 31, 2011 would be:
5. (TCO 4)A change from the straight-line method to the sum-of-
years'-digits method of depreciation is handled as:
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ACCT 304 Week 7 Course Project