Question: QUESTION 16 What method do we use to deduct the expense of equipment? O Depletion O Depreciation O Amortization O Units of Production QUESTION 17

 QUESTION 16 What method do we use to deduct the expense

of equipment? O Depletion O Depreciation O Amortization O Units of Production

QUESTION 17 What method do we use to deduct the expense of

QUESTION 16 What method do we use to deduct the expense of equipment? O Depletion O Depreciation O Amortization O Units of Production QUESTION 17 What method do we use to deduct the expense of a natural asset? O Depreciation amortization depletion Units of Production QUESTION 13 Some years Mario uses his machine a few hours a year and sometimes he uses it thousands of hours a year. What depreciation method should he use? Straight line Units of Production (Output) Double Declining Balance Triple declining balance QUESTION 14 AS 400 petty cash fund has 100 in cash remaining and receipts of $1 80. When John replenishes the fund, the journal entry will include: O a. credit to petty cash of $300 b. a credit to cash of $300 Oca $120 credit to cash short and over d. A $20 debit to cash short and over

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!