Question: Answer all the questions pls Question 1 (1 point) A long-term liability can have a current component True False Question 2 (1 point) The systematic

Answer all the questions pls

Question 1 (1 point) A long-term liability can have a current component True False Question 2 (1 point) The systematic allocation of the cost of a patent to each perio dof its useful life is called a Disposal b Depreciation C Impairment d Amortization Question 3 (2 points) An equipment costing $ 10,000 is purchased on January 1st, with residual value of $ 1,000 and estimated useful life is 5 years 36,000 units. Actual production during the year is 7,000 units. The annual depreciation for the year ended Dec 31st, under Straight Line method would be a 1800 b 1950 C 1750 d 2000

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