Question: PLEASE ANSWER ALL THE QUESTIONS!!! 1. Match the items on the left with the items on the right. (Cost - salvage value)/useful life [ Choose

PLEASE ANSWER ALL THE QUESTIONS!!!

1. Match the items on the left with the items on the right.

(Cost - salvage value)/useful life

[ Choose ] Double-declining balance Gain on sale of fixed asset Accumulated depreciation MACRS Annual depreciation

A contra-asset account

[ Choose ] Double-declining balance Gain on sale of fixed asset Accumulated depreciation MACRS Annual depreciation

Proceeds minus net book value

[ Choose ] Double-declining balance Gain on sale of fixed asset Accumulated depreciation MACRS Annual depreciation

An accelerated depreciation method

[ Choose ] Double-declining balance Gain on sale of fixed asset Accumulated depreciation MACRS Annual depreciation

Method of depreciation used for income tax reporting

[ Choose ] Double-declining balance Gain on sale of fixed asset Accumulated depreciation MACRS Annual depreciation

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