Depreciation: Online Test:

Fill in the missing words in the sentences below. Choose from the following:
recovery, depreciation expense, estimated, straight-line depreciation, book value, accumulated depreciation account, useful life, depreciable

1. International Robotics changed from to double-declining balance depreciation at the beginning of 2003.

2. The related has a balance of $108,000 at the present time.

3. What were the amounts of BFI's in 2000, 2001, and 2002?

4. Depreciation on the communications equipment is estimated to be $6,600 a year, or $550 per month. This is the $33,000 cost divided by its of 5 years.

5. depreciation for the year is $58,500 on the building and $84,100 on the office equipment.

6. Universal Pipes Co. purchased assets costing $850,000 on April 25, 2002.

7. The company uses the straight-line depreciation method over the period of 7 years.

8. The of the lorry at the balance sheet date is $17,454.

Depreciation: Online Test:

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