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Author Question: Which depreciation method is most like the method that is used to calculate depletion of natural ... (Read 114 times)

joesmith1212

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on: Jul 5, 2018
Which depreciation method is most like the method that is used to calculate depletion of natural resources?
 
  A) straight-line
  B) double-declining balance
  C) activity
  D) No depreciation method is similar to depletion.

Question 2

Classify the following accounts according to the appropriate balance sheet category.
 
  a. Assets
  b. Liabilities
  c. Shareholders' equity
 
  _____ 1. Common stock
  _____ 2. Retained earnings
  _____ 3. Notes payable
  _____ 4. Cash
  _____ 5. Inventory
  _____ 6. Land


ebenov

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

c, c, b, a, a, a


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joesmith1212

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Reply #2 on: Jul 5, 2018
Thank you


ebenov

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Reply #3 on: Jul 5, 2018
No problemo


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