判断

Financial statements report the fair market value of a company. 正确   错误 The book value of an asset indicates the asset's fair market value at that time. 正确   错误 Depreciation Expense shown on a company's income statement must be the same amount as the depreciation expense on the company's income tax return. 正确   错误 The purpose of depreciation is to have the balance sheet report the current value of an asset. 正确   错误 Depreciation Expense reflects an allocation of an asset's original cost rather than an allocation based on the economic value that is being consumed. 正确   错误 An asset's useful life is the same as its physical life? 正确   错误 One company might depreciate a new computer over three years while another company might depreciate the same model computer over five years...and both companies are right. 正确   错误 Depreciation Expense is shown on the income statement in order to achieve accounting's matching principle. 正确   错误 Accumulated Depreciation will appear as a deduction within the section of the balance sheet labeled as Property, Plant and Equipment. 正确   错误 If a company continues to use equipment past the useful life that was assumed in determining the depreciation, there will be no Depreciation Expense in those additional years. 正确   错误 A company may depreciate equipment over 10 years on a straight-line basis for its financial statements, but might use an accelerated method of depreciation over a shorter time period on its income tax return? 正确   错误 Depreciation Expense is sometimes referred to as a noncash expense. 正确   错误 Both Land and Land Improvements will generally be depreciated. 正确   错误 Amortization of intangible assets and depletion of natural resources is conceptually similar to depreciation of constructed assets. 正确   错误 Depreciation Expense shown on the financial statements is a precise amount that is continuously refined. 正确   错误 Over the life of an asset subject to depreciation, the accelerated method will result in more Depreciation Expense in total than the total Depreciation Expense using the straight-line method. 正确   错误 A journal entry must be supported by source documents. 正确   错误 General ledger provides summary figures, while subsidiary ledger provides supporting details related to the general ledger. 正确   错误 Allowance for bad debts is a cotra account to account payable. 正确   错误 A worksheet is a substitute for the financial statements. 正确   错误 _1385210633.unknown _1385210700.unknown _1385210733.unknown _1385210764.unknown _1385210794.unknown _1385210809.unknown _1385210825.unknown _1385210824.unknown _1385210808.unknown _1385210779.unknown _1385210793.unknown _1385210778.unknown _1385210748.unknown _1385210763.unknown _1385210747.unknown _1385210717.unknown _1385210732.unknown _1385210716.unknown _1385210667.unknown _1385210684.unknown _1385210699.unknown _1385210683.unknown _1385210650.unknown _1385210666.unknown _1385210649.unknown _1385210560.unknown _1385210598.unknown _1385210615.unknown _1385210632.unknown _1385210614.unknown _1385210578.unknown _1385210597.unknown _1385210576.unknown _1385210523.unknown _1385210542.unknown _1385210559.unknown _1385210541.unknown _1385210506.unknown _1385210522.unknown _1385210504.unknown