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BUS 212 WEEK 2 QUIZ / BUS212 WEEK 2 QUIZ: GRADED A | 100% CORRECT |UNIVERSITY OF PHOENIX $8.49   Add to cart
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BUS 212 WEEK 2 QUIZ / BUS212 WEEK 2 QUIZ: GRADED A | 100% CORRECT |UNIVERSITY OF PHOENIX
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  • Course
  • BUS 212 (BUS212)
  • Institution
  • UNIVERSITY OF PHOENIX

BUS 212 WEEK 2 QUIZ / BUS212 WEEK 2 QUIZ: GRADED A | 100% CORRECT |UNIVERSITY OF PHOENIXBUS 212 WEEK 2 QUIZ / BUS212 WEEK 2 QUIZ: GRADED A | 100% CORRECT |UNIVERSITY OF PHOENIX

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  • February 27, 2021
  • 3
  • 2020/2021
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bus 212
  • business
  • bus 212 week 2 quiz bus 212 week 2 quiz

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  • UNIVERSITY OF PHOENIX
  • BUS 212 (BUS212)
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BUS WEEK 2 QUIZ
Land improvements are depreciable assets.
True


Which of the following is not a depreciable asset?
Land


Expenditures to maintain the operating efficiency and expected productive life of
the unit are expensed as incurred.
True


What is depreciation?
A cost allocation method


Cuso Company purchased equipment on January 1, 2016, at a total invoice cost of
$400,000. The equipment has an estimated salvage value of $10,000 and an
estimated useful life of 5 years. What is the amount of accumulated depreciation at
December 31, 2017, if the straight-line method of depreciation is used?
$156,000


When there is a change in estimated depreciation
current and future years’ depreciation should be revised.


On June 1, 2017, Brislin Company sold some equipment for $22,000. The original
cost was $80,000, the estimated salvage value was $8,000, and the expected useful

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