To see each answer, press or click on the blue "Unscramble" button.
If you have difficulty answering the following questions, learn more about this topic by reading our Depreciation (Explanation).
|1. Depreciation achieves this principle.||MATCHING TAGNCIMH||Unscramble|
|2. Another name for book value is _________ value.||CARRYING RARNGIYC||Unscramble|
|3. When an asset is depreciated using the _____________-line method, the annual depreciation expense will be the same amount in most years.||STRAIGHT TATSGIRH||Unscramble|
|4. ______________ Depreciation is the balance sheet account.||ACCUMULATED LTUCDEUCAMA||Unscramble|
|5. This type of depreciation results in more depreciation in an asset's earlier years and less in its later years.||ACCELERATED TRCEAEAECDL||Unscramble|
|6. Depreciation is an ___________ process not a valuation process.||ALLOCATION NOLICAOALT||Unscramble|
|7. This long-term asset is not depreciated.||LAND NADL||Unscramble|
|8. An asset's cost minus its accumulated depreciation is its book ________.||VALUE ALEUV||Unscramble|
|9. Depreciation for income tax reporting can be different from depreciation for ____________ reporting.||FINANCIAL IAFCLINNA||Unscramble|
|10. Another term for residual value or scrap value is _________ value.||SALVAGE AVASLEG||Unscramble|
Want more practice questions?
Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.
We now offer eight Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, and Payroll Accounting. Click here to learn more.