DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
TRUE/FALSEx-xWritex'T'xifxthexstatementxisxtruexandx'F'xifxthexstatementxisxfalse.
1) Property,xplantxandxequipmentxarexassetsxheldxforxsale.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xTopicx:x09-
01xProperty,xPlant,xandxEquipmentx(PPE)
Bloom'sx:xRememberx
Difficultyx:xEasy
2) Non-
currentxassetsxcanxbexdividedxintoxtwoxgroupsxincludingxtangiblexandxintangiblexassets.xThesex
assetsxarexgenerallyxusedxinxoperationsxofxaxbusinessxandxhavexusefulxlivesxextendingxoverxmo
rexthanxonexaccountingxperiod.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xTopicx:x09-
01xProperty,xPlant,xandxEquipmentx(PPE)
Bloom'sx:xRememberx
Difficultyx:xMedium
3) Landxpurchasedxasxaxbuildingxsitexisxaxtangiblexassetxcalledxproperty,xplantxandxequipmentxa
ndxisxclassifiedxunderxthex"Long-termxInvestments"xsectionxonxthexbalancexsheet.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Topicx:x09-
06xLandxDifficultyx:
xHard
Versionx1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
4) Thexcostxofxanxassetxincludesxallxnormalxandxreasonablexexpendituresxnecessaryxtoxgetxthexa
ssetxinxplacexandxreadyxforxitsxintendedxuse.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
5) Ifxaxmachinexisxdamagedxduringxunpacking,xthexrepairsxarexaddedxtoxitsxcost.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
6) Toxbexchargedxtoxandxreportedxasxpartxofxthexcostxofxproperty,xplantxandxequipment,xanxexpe
nditurexmustxbexnormal,xreasonable,xandxnecessaryxinxpreparingxthexassetxforxitsxintendedxuse.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx :xMediumxTopi
cx:x09-02xCostxofxPPE
7) Thexpurchasexofxrealxestatexthatxincludesxland,xbuilding,xandxlandximprovementsxisxcalledxaxl
ump-sumxpurchase.
Versionx1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xMedium
Topicx:x09-11xLump-SumxAssetxPurchase
8) Anyxexpendituresxforxlegalxfees,xsurveying,xandxaccruedxpropertyxtaxesxshouldxnotxbexi
ncludedxinxthexcostxofxland.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Topicx:x09-
06xLandxDifficultyx:
xHard
Topicx:x09-02xCostxofxPPE
9) Revenuexexpendituresxarexadditionalxcostsxofxproperty,xplantxandxequipmentxthatxprovidex
materialxbenefitsxextendingxbeyondxthexcurrentxperiod.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
10) Revenuexexpendituresxarexexpendituresxtoxkeepxassetsxinxnormalxoperatingxcondition.
⊚ true
⊚ false
Versionx1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
11) Capitalxexpendituresxarexalsoxcalledxbalancexsheetxexpenditures.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx :xMediumxTopi
cx:x09-02xCostxofxPPE
12) SportsWorldxspentx$17,000xtoxremodelxitsxstore.xThisxcostxwillxbexrecognizedxwithxaxdebitxt
oxStorexBuilding.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xMedium
Topicx:x09-03xSubsequentxExpenditures
13) Treatingxsmall-dollar-
amountxcapitalxexpendituresxasxrevenuexexpendituresxisxlikelyxtoxmisleadxusersxofxfinancialxstate
ments.
⊚ true
⊚ false
Versionx1 4
mynursytest.store
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
TRUE/FALSEx-xWritex'T'xifxthexstatementxisxtruexandx'F'xifxthexstatementxisxfalse.
1) Property,xplantxandxequipmentxarexassetsxheldxforxsale.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xTopicx:x09-
01xProperty,xPlant,xandxEquipmentx(PPE)
Bloom'sx:xRememberx
Difficultyx:xEasy
2) Non-
currentxassetsxcanxbexdividedxintoxtwoxgroupsxincludingxtangiblexandxintangiblexassets.xThesex
assetsxarexgenerallyxusedxinxoperationsxofxaxbusinessxandxhavexusefulxlivesxextendingxoverxmo
rexthanxonexaccountingxperiod.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xTopicx:x09-
01xProperty,xPlant,xandxEquipmentx(PPE)
Bloom'sx:xRememberx
Difficultyx:xMedium
3) Landxpurchasedxasxaxbuildingxsitexisxaxtangiblexassetxcalledxproperty,xplantxandxequipmentxa
ndxisxclassifiedxunderxthex"Long-termxInvestments"xsectionxonxthexbalancexsheet.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Topicx:x09-
06xLandxDifficultyx:
xHard
Versionx1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
4) Thexcostxofxanxassetxincludesxallxnormalxandxreasonablexexpendituresxnecessaryxtoxgetxthexa
ssetxinxplacexandxreadyxforxitsxintendedxuse.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
5) Ifxaxmachinexisxdamagedxduringxunpacking,xthexrepairsxarexaddedxtoxitsxcost.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
6) Toxbexchargedxtoxandxreportedxasxpartxofxthexcostxofxproperty,xplantxandxequipment,xanxexpe
nditurexmustxbexnormal,xreasonable,xandxnecessaryxinxpreparingxthexassetxforxitsxintendedxuse.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx :xMediumxTopi
cx:x09-02xCostxofxPPE
7) Thexpurchasexofxrealxestatexthatxincludesxland,xbuilding,xandxlandximprovementsxisxcalledxaxl
ump-sumxpurchase.
Versionx1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xMedium
Topicx:x09-11xLump-SumxAssetxPurchase
8) Anyxexpendituresxforxlegalxfees,xsurveying,xandxaccruedxpropertyxtaxesxshouldxnotxbexi
ncludedxinxthexcostxofxland.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Topicx:x09-
06xLandxDifficultyx:
xHard
Topicx:x09-02xCostxofxPPE
9) Revenuexexpendituresxarexadditionalxcostsxofxproperty,xplantxandxequipmentxthatxprovidex
materialxbenefitsxextendingxbeyondxthexcurrentxperiod.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
10) Revenuexexpendituresxarexexpendituresxtoxkeepxassetsxinxnormalxoperatingxcondition.
⊚ true
⊚ false
Versionx1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
x x x x x x x x x x x
dition Larson x
Fundamental Accounting Principles Volume II 17th Edition
x x x x x x
by Larson Ch09
x x
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xEasy
Topicx:x09-02xCostxofxPPE
11) Capitalxexpendituresxarexalsoxcalledxbalancexsheetxexpenditures.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx :xMediumxTopi
cx:x09-02xCostxofxPPE
12) SportsWorldxspentx$17,000xtoxremodelxitsxstore.xThisxcostxwillxbexrecognizedxwithxaxdebitxt
oxStorexBuilding.
⊚ true
⊚ false
QuestionxDetails
Accessibilityx:xKeyboardxNavigation
LearningxObjectivex:x09-
01xDescribexproperty,xplant,xandxequipmentx(PPE)xandxcalculatextheirxcost.xBloom'sx:xRemember
Difficultyx:xMedium
Topicx:x09-03xSubsequentxExpenditures
13) Treatingxsmall-dollar-
amountxcapitalxexpendituresxasxrevenuexexpendituresxisxlikelyxtoxmisleadxusersxofxfinancialxstate
ments.
⊚ true
⊚ false
Versionx1 4
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