question archive 1) The book value of a plant asset is obtained by subtracting ______________ from the ______________ of the plant asset
1) The book value of a plant asset is obtained by subtracting ______________ from the ______________ of the plant asset
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1) The book value of a plant asset is obtained by subtracting ______________ from the ______________ of the plant asset.
2. Three factors that affect the computation of periodic depreciation expense are (1) _______________, (2) _______________, and (3) _________________.
3. The ________________ method of computing depreciation expense results in an equal amount of periodic depreciation throughout the useful life of the plant asset.
4.The declining-balance method of computing depreciation is known as an _____________ depreciation method.
5. Ordinary repairs that maintain operating efficiency and expected productive life are called _______________.
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Answer:
1) The book value of a plant asset is obtained by subtracting Accumulated Depreciation from the Original Cost of the plant asset
2) 1) Cost 2) useful life 3) salvage value
3) Straight line Depreciation method
(Original cost - salvage value) / useful life
4) Accelerated Depreciation method
5) Ordinary repairs that maintain operating efficiency and expected productive life are called Revenue expenditure
