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Account Chpt 23

Authored by COLE KRAATZ

Computers

9th - 12th Grade

Account Chpt 23
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a group of assets used in an industrial process, such as a foundry, factory, or workshop.

plant assets

depreciation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

depreciation

Plant assets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the remaining value an asset possesses

disposal value

plant assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

spreads the cost of an asset evenly over the time it will be used

straight-line depreciation

depreciation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the total amount an asset has been depreciated up until a single point

accumulated depreciation

book value

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a measure of a business's equity and the value of an asset as it appears on a balance sheet

book value

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