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Question 5. Question :
Cardco Inc. has an annual
accounting period which ends on December 31. During the
current year a depreciable asset which cost $42,000 was
purchased on September 2. The asset has a $4,000 estimated
salvage value. The company uses straight-line depreciation and
expects the asset to have a 5 year life. What is the total
depreciation expense for the current year?
$1,900.00
$7,600.00
$2,533.33
$2,800.00
$3,166.67

Question 6.

Question :

A copyright:

Gives its owner the exclusive right to
publish and sell a musical or literary work during the life of the
creator plus 70 years
Is an exclusive right granted to its owner
to manufacture and sell a device or to use a process for 17 years
Is an exclusive right granted to its owner
to manufacture and sell a device or to use a process for 50 years
Is the amount by which the value of a
company exceeds the fair market value of a company's net assets
if purchased separately