Question: #10-12 10. The amount to include in the entry to record the cost of a property, plant, and equipment asset would include: a. acquisition cost

#10-12

10. The amount to include in the entry to record the cost of a property, plant, and equipment asset would include: a. acquisition cost b. freight c. installation d. All of the above. 11. The depreciation method that does not base the expense on the passage of time but on the level of use is: a. units-of-productiorn b. straight-line c. modified accelerated cost recovery d. double-declining-balance 12. Which depreciation method does not deduct residual value when computing depreciation expense? a. units-of-production b. straight-line c. double-declining-balance d. a and b onlyUnit 4 Examination 161 BAM 110 Introduction to Accounting

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