110. Another name for a funding expenditure is: A. Revenue expenditure.B. Asset expenditure.C. Permanent expenditure.D. Contributed resources expenditure.E. Balance paper expenditure.

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111. Extraordinary repairs: A. Space revenue expenditures.B. Prolong an asset"s beneficial life past its original estimate.C. Are attributed to gathered depreciation.D. Are extr costs of plants assets that carry out not materially boost the asset"s life.E. Are expensed together incurred.
112. Simple repairs: A. Space expenditures to keep an legacy in common operating condition.B. Are necessary if an asset is to perform to expectations over its beneficial life.C. Are treated as expenses.D. Include cleaning, lubricating, and normal adjusting.E. All of these.
113. Betterments: A. Are expenditures do a tree asset more efficient or productive.B. Are likewise called improvements.C. Carry out not always increase one asset"s life.D. Are funding expenditures.E. Every one of these.
114. One asset"s publication value is $18,000 top top June 30, 2008. The heritage is being depreciated in ~ an yearly rate the $3,000 ~ above the straight-line method. Suspect the heritage is marketed on December 31, 2009 because that $15,000, the agency should record: A. A loss on sale of $1,500.B. A gain on revenue of $1,500.C. Neither a acquire nor a lose is well-known on this form of transaction.D. A obtain on sale of $3,000.E. A loss on revenue of $3,000.

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115. One asset"s publication value is $36,000 top top January 1, 2008. The legacy is being depreciated $500 per month using the straight-line method. Suspect the asset is sold on July 1, 2009 for $25,000, the company should record: A. No a get or ns is well-known on this type of transaction.B. A obtain on revenue of $2,000.C. A loss on sale of $1,000.D. A get on revenue of $1,000.E. A ns on sale of $2,000.
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