Which intangible assets are amortized over their helpful life?All of these selections are correct.trademarksgoodwillpatents


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Which of the adhering to is true?-Regardmuch less of the depreciation approach, the amount of full depreciation price in the time of the life of the asset will certainly be the same.-If using the straight-line method, the amount of depreciation cost during the first year is better than that of the double-declining-balance.-If making use of the double-declining-balance strategy, the total amount of depreciation cost in the time of the life of the ascollection will certainly be the greatest.-If making use of the units-of-output technique, it is possible to depreciate more than the depreciable cost.
Regardless of the depreciation strategy, the amount of complete depreciation price in the time of the life of the asset will certainly be the exact same.
Expected helpful life is-determined annually that the depreciation calculation is made-None of these options are correct.-calculated once the ascollection is sold-estimated at the time that the ascollection is inserted in service
If a addressed ascollection, such as a computer, were purchased on January 1 for $3,750 via an approximated life of 3 years and also a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation isa. Depreciation Expense 1,200 Accumulated Depreciation 1,200b. Depreciation Expense 100 Accumulated Depreciation 100c. Accumulated Depreciation 100 Depreciation Expense 100d. Accumulated Depreciation 1,200 Depreciation Expense 1,200
The depreciation method that does not use residual value in calculating the first year"s depreciation expense is-straight-line-double-declining-balance-sum-of-the-digits-units-of-output
The a lot of extensively provided depreciation strategy is-straight-line-double-declining-balance-other-units-of-output
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Fundamental Financial Accounting Concepts10th EditionDanita Kelley, Gaile Moe, Gordon M Wardlegislation, Jacqueline Berning
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Corpoprice Finance (The Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)11th EditionBradford D. Jordan, Randolph W. Westerarea, Stephen A. Ross


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