Sample Questions
Introduction to Financial Accounting II
Depreciation Expense
a) $58,500.
b) $62,500.
c) $61,500.
d) $64,000.
e) None of the above.
a) $61,500.
b) $64,000.
c) $57,500.
d) $56,000.
a) $8,000.
b) $7,750.
c) $7,500.
d) $7,000.
a) Depreciation Expense ..................... 7,500.00 Accumulated Depreciation .............. 7,500.00 To record depreciation expense.
b) Depreciation Expense ..................... 8,000.00 Accumulated Depreciation .............. 8,000.00 To record interest expense.
c) Accumulated Depreciation ................. 8,000.00 Depreciation Expense .................. 8,000.00 To record depreciation expense.
d) Depreciation Expense ..................... 8,000.00 Accumulated Depreciation .............. 8,000.00 To record depreciation expense.
a) $66,500.
c) $64,000.
d) $58,500.
a) $54,000.
b) $57,500.
c) $58,000.
a) $64,000.
b) $61,500.
c) $62,500.
a) $52,000.
b) $50,000.
c) $48,000.
a) $62,500.
a) $0.
b) $8,000.
c) $4,000.
d) $2,500.
b) 12.5%.
c) 0.25%.
d) 25%.
b) $16,000.
c) $15,500.
d) $15,250.
a) Accumulated Depreciation ................. 16,000.00 Depreciation Expense .................. 16,000.00 To record depreciation expense.
b) Depreciation Expense ..................... 8,000.00 Accumulated Depreciation .............. 8,000.00 To record depreciation expense.
c) Depreciation Expense ..................... 15,500.00 Accumulated Depreciation .............. 15,500.00 To record depreciation expense.
d) Depreciation Expense ..................... 16,000.00 Accumulated Depreciation .............. 16,000.00 To record depreciation expense.
a) $12,000.
c) $16,000.
d) $10,000.
a) $16,000.
b) $22,000.
c) $12,000.
d) $28,000.
a) $38,500.
b) $48,000.
c) $36,000.
a) $2,848.
b) $2,136.
c) $1,602.
d) $0.
a) $52,609.
b) $57,593.
c) $55,457.
d) $59,195.
a) $6,407.
b) $0.
c) $4,805.
d) $11,391.
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