题目内容

The entry to record depreciation includes a credit to:

A. the Depreciation Payable account.
B. the Cash account.
C. the Accumulated Depreciation account.
D. the Depreciation Expense account.

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If an adjusting entry includes a debit to Rent Expense, that would indicate that the payment of rent had been previously recorded as a(n):

A. prepaid expense.
B. depreciation.
C. accrued expense.
D. accrued revenue.

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Adjusting entries are needed to correctly measure the:

A. ending balance in the Cash account.
B. net income (loss) on the balance sheet.
C. net income (loss) on the income statement.
D. beginning balance in the Cash account.

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The allocation of a plant asset's cost over its useful life is called:

A. residual value.
B. book value.
C. accrued revenue.
D. depreciation.

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The value of a depreciable asset at the end of its useful life is called:

A. book value.
B. residual value.
C. accrued revenue.
D. accrued expense.

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The entry to record depreciation includes a credit to:

A. the Depreciation Payable account. B. the Cash account. C. the Accumulated Depreciation account. D. the Depreciation Expense account.

If an adjusting entry includes a debit to Rent Expense, that would indicate that the payment of rent had been previously recorded as a(n):

Adjusting entries are needed to correctly measure the:

The allocation of a plant asset's cost over its useful life is called:

The value of a depreciable asset at the end of its useful life is called:

A. the Depreciation Payable account.
B. the Cash account.
C. the Accumulated Depreciation account.
D. the Depreciation Expense account.