The sum of all the depreciation expense recorded to date for a depreciable asset is called ________
A) book value
B) residual value
C) depreciation expense
D) accumulated depreciation
D
You might also like to view...
On March 1, 2016, Hughes Services issued a 6% long-term notes payable for $18,000
It is payable over a 3-year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2017. Which of the following entries needs to be made on March 1, 2016? A) Long-Term Notes Payable 6,000 Cash 6,000 B) Current Portion of Long-Term Notes Payable 18,000 Long-Term Notes Payable 18,000 C) Long-Term Notes Payable 18,000 Accounts Payable 18,000 D) Cash 18,000 Long-Term Notes Payable 18,000
Which of the following describes the "Halo effect?"
(a) the rating is too generous, (b) only the latest performance is evaluated, (c) all ratings fall within a central range called "average," (d) one prominent quality influences all other factors.