Chapter 9
Quiz by Julie Morris
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
10 questions
Show answers
- Q1Ordinary recurring repairs to keep the machinery in good working order. Capital or Revenue Expenditure?CapitalRevenue30s
- Q2Purchase price. Capital or Revenue Expenditure?RevenueCapital30s
- Q3Training of personnel for initial operation of the machinery. Capital or Revenue?RevenueCapital30s
- Q4Periodic lubrication after machinery is placed in service. Capital or Revenue Expenditure?CapitalRevenue30s
- Q5How should you record a capital expenditure?Debit an assetDebit capitalDebit a liabilityDebit an asset30s
- Q6What cost is not recorded as part of the cost of a building?Concrete for the building's foundationConstruction materials and laborReal estate commission paid to buy the buildingAnnual building maintenance30s
- Q7Which method almost always produces the most depreciation in the first year?Double-declining-balanceAll produce the same depreciation in the first yearUnits-of-productionStraight-line30s
- Q8Which method is used to complete depletion?Depletion methodUnits-of-production methodStraight-line methodDouble-declining-balance method30s
- Q9Which intangible asset is recorded only as part of the acquisition of another company?PatentCopyrightGoodwillFranchise30s
- Q10Which of the following is not a natural resource?natural gasdiamondsconcretetimber30s