When the year adjustment on a pre$-$collection requires a debit to liability account, then the initial recording was under the liability method.a$.$ Trueb. False $17.$ Unearned income is a revenue account.a$.$ Trueb. False $18.$ The cost of noncurrent assets is allocated throughout the useful life of the assets by debiting the annual depreciation expense account.a$.$ Trueb. False $19.$ Rent deposit is an expense account.a$.$ Trueb. False $20.$ Accumulated depreciation is a liability account.a$.$ Trueb. False $21.$ Depreciation expense is always equal to accumulated depreciation at the end of any accounting period.a$.$ Trueb. False $22.$ Salvage value is the same as scrap value for the computation of depreciable amount.a$.$ Trueb. False $23.$ Allowance for doubtful account is an expense account.a$.$ Trueb. False $24.$ Prepayments are always taken up in the books as assets at the initial recording.a$.$ True b$.$ False $25.$ Deferral is intended to recognize income earned but not yet received.a$.$ Trueb. False $26.$ Under the expense method of recording prepayments, the unexpired portion at the end of accounting period is to be debited to asset account.a$.$ Trueb. False $27.$ The cost of noncurrent asset less accumulated depreciation is called net book value.a$.$ Trueb. False $28.$ The difference between the amount of accounts receivable and allowance for doubtful accounts is called carrying amount.a$.$ Trueb. False $29.$ Adjusting entries are made to conform to the matching principle of accounting.a$.$ Trueb. False $30.$ Adjusting entries are entries made at the end of an accounting period to update some accounts and ensure their accuracy before preparing the financial statements.a$.$ Trueb. False