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Free Exam: Accounting 12 Chapter 10 ALL

Number of Questions in Test: 110
Number of Questions in Preview: 5
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Question 1

Intangible assets include

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 2

Intangible assets do not include

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 3

A company purchased land for $70,000 cash. $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 4

Which one of the following items is not considered a part of the cost of a truck purchased for business use?

Type: Multiple choice
Points: 1
Randomize answers: Yes

Question 5

Which of the following assets does not decline in service potential over the course of its useful life?

Type: Multiple choice
Points: 1
Randomize answers: Yes

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