Which of the following are not “non-cash” expenses? a) Depreciation expense b) Prepaid expense c) Depletion expense d) Amortization expense
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Which of the following are not “non-cash” expenses?
- a)
Depreciation expense - b) Prepaid expense
- c) Depletion expense
- d) Amortization expense
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- Which of the following may not form part of the regular itemized deductions from the gross income? * Allowance for depreciation under cash basis Repairs and maintenance Losses NOLCO None of the aboveWhat is the term for allocation of fixed assets to expense? bad debts expense O depreciation expense O accrued expense O deferred expenseWhich of the following is not included in the computation of profit or loss? Interest Expense on Plan Assets Actuarial Gains or Losses Settlement Gains or Losses Interest Expense on Asset Ceiling
- Which one of the following is not one of the factors in computing depreciation? Cost price Inadequacy Salvage value Exchange price Which of the following account is debited when account payable is converted into note payable? 直Which one of the following category outstanding expenses belong to? a. Intangible asset b. Current liability c. Non-current asset d. Current assetThe depreciation expense is generally estimated based on some assumption such as percentage of sales or from a depreciation schedule. True False