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WGU D104 Personal Questions with 100% correct answers | verified | latest update 2024
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WGU D104 Personal Questions with 100% correct answers | verified | latest update 2024
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WGU D104 PersonalWhen the book value is greater than the fair value. - ANS-Impairment
The excess of book value over fair value. - ANS-Impairment loss.
The cost + avoidable interest less salvage value. - ANS-Depreciable base.
Cost of permanent landscaping - ANS-Land - do not depreciate.
Cost of private driveways, walks, fences, and parking lots - ANS-Land improvements -
depreciate over useful life.
Pavements, street lights, sewers, and drainage systems. - ANS-Land - costs afterward
are taken up by the city.
Excavation costs - ANS-Building
Reasons to capitalize equipment repairs and upgrades - ANS-Improves productivity,
improves quality, or extends life
Reasons to expense equipment repairs and upgrades - ANS-Ongoing maintenance,
Tangible, life of more than one year - ANS-Plant assets
Only asset in PPE that doesn't depreciate - ANS-Land
Allocation of the cost of natural resources - ANS-Depletion
Depreciated only once ready for service - ANS-Construction
Reasons to not record depreciation - ANS-Asset is held for sale.
Should be measured at the lower of its carrying amount or fair value less costs to sell. -
ANS-Long term asset held for sale.
Purchase, sales tax, transit costs and transit insurance, installation, assembly, testing -
ANS-Capitalized as part of equipment
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