答案和详解如下： Q1. The following information has been gathered regarding a firm that uses straight line depreciation. - Gross plant and equipment $1,250,000
- Depreciation expense $235,000
- Accumulated depreciation $725,000
The average depreciable life of plant and equipment is: A) 5.32 years. B) 3.09 years. C) 8.40 years. Correct answer is A)
The average depreciable life = Gross PPE / Depreciation expense 5.32 = $1,250,000 / $235,000 Q2. Average remaining useful life of the plant and equipment is: A) 2.23 years. B) 3.09 years. C) 5.32 years. Correct answer is A)
Remaining useful life = (gross investment – accumulated depreciation) / depreciation expense 2.23 = ($1,250,000 – $725,000) / $235,000 Q3. The average age of plant and equipment is: A) 1.40 years. B) 3.09 years. C) 5.32 years. Correct answer is B) The average age = accumulated depreciation / depreciation expense 3.09 = $725,000 / $235,000 Q4. A manufacturing firm reports the following in its financial statements: - Gross plant and equipment: $2,700,000.
- Depreciation expense: $235,000.
- Accumulated depreciation: $1,850,000.
The average useful life of plant and equipment is:
A) 11.49 years. B) 19.36 years. C) 7.87 years. Correct answer is A) The average useful life = gross investment / depreciation expense 11.49 = $2,700,000 / $235,000 Q5. The average age of plant and equipment is:
A) 1.33 years. B) 7.87 years. C) 11.49 years. Correct answer is B) The average age = accumulated depreciation / depreciation expense 7.87 = $1,850,000 / $235,000 Q6. An analyst will most likely use the average age of depreciable assets to estimate the company’s:
A) near-term financing requirements. B) cash flows. C) earnings potential. Correct answer is A) Average age of depreciable assets is useful for two reasons: 1.
To assess how competitive the corporation will be going forward (older assets are less efficient). 2.
To estimate financing required for major capital expenditures in the near-term to replace depreciated assets. | 
发表于 2009-1-19 10:13
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