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Question 6 Not yet answered The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called Points out of F Flag Select one a. depletion b. deferral c. amortization d. depreciation Which of the following is true? Which of the following is true? Not yet answered Points out of 2.00 P Flag Select one: a. If using the double-declining-balance method, the total amount of depreciation expense during the life of the asset will be the highest b. If using the units-of output method, it is possible to depreciate more than the depreciable cost. c lf using the straight-line method. the amount of depreciation expense during the first year is higher than that of the double-declining-balance d. Regardless of the depreciation method the amount of total depreciation expense during the life of the asset will be the same. 8 Question 8 Not yet answered Points out of 2.00 Expenditures for research and development are generally recorded as Select one: a. current operating expenses o b. assets and amortized over their estimated useful life c. assets and amortized over 40 years d. current assets 9 The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is Not yet answered The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is Points out of Select one: Oa. amortization P Flag b. depletion c depreciation d. allocation The name, term, or symbol used to identify a business and its products is called Select one: a. goodwill b patent c a trademark