Chapter 8 Acct 201
Long term and other assets
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Topics of this game:
- Depreciation is used for which type of asset?
- Patents, trademarks, and goodwill are all considered to be
- Depletion is the cost allocation term for
- True or false: Plant assets have one useful life.
- Parking lots, driveways, fences, shrubs, and lighting systems would be considered
- Land is not depreciable.
- Salvage value:
- Cost: 10,000 Salvage v: 1,000 Useful L: 5 years What's the journal entry using the SLM?
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