DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
TRUE/FALSEv-vWritev'T'vifvthevstatementvisvtruevandv'F'vifvthevstatementvisvfalse.
1) Property,vplantvandvequipmentvarevassetsvheldvforvsale.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vTopicv:v09-
01vProperty,vPlant,vandvEquipmentv(PPE)
Bloom'sv:vRememberv
Difficultyv:vEasy
2) Non-
currentvassetsvcanvbevdividedvintovtwovgroupsvincludingvtangiblevandvintangiblevassets.vThesev
assetsvarevgenerallyvusedvinvoperationsvofvavbusinessvandvhavevusefulvlivesvextendingvovervmo
revthanvonevaccountingvperiod.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vTopicv:v09-
01vProperty,vPlant,vandvEquipmentv(PPE)
Bloom'sv:vRememberv
Difficultyv:vMedium
3) Landvpurchasedvasvavbuildingvsitevisvavtangiblevassetvcalledvproperty,vplantvandvequipmentva
ndvisvclassifiedvundervthev"Long-termvInvestments"vsectionvonvthevbalancevsheet.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Topicv:v09-
06vLandvDifficultyv:
vHard
Versionv1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
4) Thevcostvofvanvassetvincludesvallvnormalvandvreasonablevexpendituresvnecessaryvtovgetvtheva
ssetvinvplacevandvreadyvforvitsvintendedvuse.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
5) Ifvavmachinevisvdamagedvduringvunpacking,vthevrepairsvarevaddedvtovitsvcost.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
6) Tovbevchargedvtovandvreportedvasvpartvofvthevcostvofvproperty,vplantvandvequipment,vanvexpe
nditurevmustvbevnormal,vreasonable,vandvnecessaryvinvpreparingvthevassetvforvitsvintendedvuse.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv :vMediumvTopi
cv:v09-02vCostvofvPPE
7) Thevpurchasevofvrealvestatevthatvincludesvland,vbuilding,vandvlandvimprovementsvisvcalledvavl
ump-sumvpurchase.
Versionv1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vMedium
Topicv:v09-11vLump-SumvAssetvPurchase
8) Anyvexpendituresvforvlegalvfees,vsurveying,vandvaccruedvpropertyvtaxesvshouldvnotvbevi
ncludedvinvthevcostvofvland.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Topicv:v09-
06vLandvDifficultyv:
vHard
Topicv:v09-02vCostvofvPPE
9) Revenuevexpendituresvarevadditionalvcostsvofvproperty,vplantvandvequipmentvthatvprovidev
materialvbenefitsvextendingvbeyondvthevcurrentvperiod.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
10) Revenuevexpendituresvarevexpendituresvtovkeepvassetsvinvnormalvoperatingvcondition.
⊚ true
⊚ false
Versionv1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
11) Capitalvexpendituresvarevalsovcalledvbalancevsheetvexpenditures.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv :vMediumvTopi
cv:v09-02vCostvofvPPE
12) SportsWorldvspentv$17,000vtovremodelvitsvstore.vThisvcostvwillvbevrecognizedvwithvavdebitvt
ovStorevBuilding.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vMedium
Topicv:v09-03vSubsequentvExpenditures
13) Treatingvsmall-dollar-
amountvcapitalvexpendituresvasvrevenuevexpendituresvisvlikelyvtovmisleadvusersvofvfinancialvstate
ments.
⊚ true
⊚ false
Versionv1 4
mynursytest.store
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
TRUE/FALSEv-vWritev'T'vifvthevstatementvisvtruevandv'F'vifvthevstatementvisvfalse.
1) Property,vplantvandvequipmentvarevassetsvheldvforvsale.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vTopicv:v09-
01vProperty,vPlant,vandvEquipmentv(PPE)
Bloom'sv:vRememberv
Difficultyv:vEasy
2) Non-
currentvassetsvcanvbevdividedvintovtwovgroupsvincludingvtangiblevandvintangiblevassets.vThesev
assetsvarevgenerallyvusedvinvoperationsvofvavbusinessvandvhavevusefulvlivesvextendingvovervmo
revthanvonevaccountingvperiod.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vTopicv:v09-
01vProperty,vPlant,vandvEquipmentv(PPE)
Bloom'sv:vRememberv
Difficultyv:vMedium
3) Landvpurchasedvasvavbuildingvsitevisvavtangiblevassetvcalledvproperty,vplantvandvequipmentva
ndvisvclassifiedvundervthev"Long-termvInvestments"vsectionvonvthevbalancevsheet.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Topicv:v09-
06vLandvDifficultyv:
vHard
Versionv1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
4) Thevcostvofvanvassetvincludesvallvnormalvandvreasonablevexpendituresvnecessaryvtovgetvtheva
ssetvinvplacevandvreadyvforvitsvintendedvuse.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
5) Ifvavmachinevisvdamagedvduringvunpacking,vthevrepairsvarevaddedvtovitsvcost.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
6) Tovbevchargedvtovandvreportedvasvpartvofvthevcostvofvproperty,vplantvandvequipment,vanvexpe
nditurevmustvbevnormal,vreasonable,vandvnecessaryvinvpreparingvthevassetvforvitsvintendedvuse.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv :vMediumvTopi
cv:v09-02vCostvofvPPE
7) Thevpurchasevofvrealvestatevthatvincludesvland,vbuilding,vandvlandvimprovementsvisvcalledvavl
ump-sumvpurchase.
Versionv1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vMedium
Topicv:v09-11vLump-SumvAssetvPurchase
8) Anyvexpendituresvforvlegalvfees,vsurveying,vandvaccruedvpropertyvtaxesvshouldvnotvbevi
ncludedvinvthevcostvofvland.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Topicv:v09-
06vLandvDifficultyv:
vHard
Topicv:v09-02vCostvofvPPE
9) Revenuevexpendituresvarevadditionalvcostsvofvproperty,vplantvandvequipmentvthatvprovidev
materialvbenefitsvextendingvbeyondvthevcurrentvperiod.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
10) Revenuevexpendituresvarevexpendituresvtovkeepvassetsvinvnormalvoperatingvcondition.
⊚ true
⊚ false
Versionv1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Fundamental Accounting Principles Volume 217th E
v v v v v v v v v v v
dition Larson v
Fundamental Accounting Principles Volume II 17th Edition
v v v v v v
by Larson Ch09
v v
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vEasy
Topicv:v09-02vCostvofvPPE
11) Capitalvexpendituresvarevalsovcalledvbalancevsheetvexpenditures.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv :vMediumvTopi
cv:v09-02vCostvofvPPE
12) SportsWorldvspentv$17,000vtovremodelvitsvstore.vThisvcostvwillvbevrecognizedvwithvavdebitvt
ovStorevBuilding.
⊚ true
⊚ false
QuestionvDetails
Accessibilityv:vKeyboardvNavigation
LearningvObjectivev:v09-
01vDescribevproperty,vplant,vandvequipmentv(PPE)vandvcalculatevtheirvcost.vBloom'sv:vRemember
Difficultyv:vMedium
Topicv:v09-03vSubsequentvExpenditures
13) Treatingvsmall-dollar-
amountvcapitalvexpendituresvasvrevenuevexpendituresvisvlikelyvtovmisleadvusersvofvfinancialvstate
ments.
⊚ true
⊚ false
Versionv1 4
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