Tài chính doanh nghiệpCâu 1167 / 1605
Which of the following would typically be DEPRECIATED rather than expensed in the year purchased?
a.A tank of diesel fuel
b.One month of cell-phone service
c.A box of screws
d.A $40,000 excavator with a multi-year useful life
Giải thích
Long-lived capital assets such as heavy equipment are depreciated over their useful lives because they provide benefit for many years. Consumables and short-term services (screws, fuel, monthly bills) are expensed immediately in the period used.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor buys a $30,000 truck with a 5-year useful life and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?
- Depreciation is best described as:
- A $50,000 piece of equipment has an estimated salvage value of $5,000 and a useful life of 9 years. What is the annual straight-line depreciation?
- Under a Section 179 election, a small contractor may be able to:
- For how long should a contractor generally retain business and tax records to support filed returns and defend against audits?
- Accurate job-cost records are important primarily because they:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)