答案和详解如下： 1.Determine the average age as a percent of depreciable life and the average age of the plant and equipment given the following information: § Depreciation expense is $15,000. § Plant and equipment is $250,000. § Accumulated depreciation is $60,000.
| Average Age (%) | Average Age (Years) |
A) 25% 4 B) 24% 4 C) 24% 6 D) 25% 6 The correct answer was B) Average age as a percent of depreciable life = (60,000/250,000) x 100 = 24% Average age of plant and equipment = $60,000 / $15,000 = 4 years 2.A firm using straight-line depreciation reports the following financial information: § Gross investment in fixed assets of $89,167,205. § Accumulated depreciation of $35,341,773. § Annual depreciation expense of $3,885,398. The approximate age of the fixed assets is: A) 9.10 years. B) 2.52 years. C) 13.85 years. D) 22.95 years. The correct answer was A) Average age of fixed assets = accumulated depreciation / annual depreciation = $35,341,773 / $3,885,398 = 9.10. 3.Ending gross investment/depreciation expense is used to estimate the average: A) age. B) depreciable life. C) age as a percent of depreciable life. D) depreciation. The correct answer was B) Average depreciable life is approximated by: ending gross investment / depreciation expense 4.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) 3.09 years. B) 5.32 years. C) 2.23 years. D) 8.40 years. The correct answer was B) The average depreciable life = Gross PPE / Depreciation expense 5.32 = $1,250,000 / $235,000 5.Average remaining useful life of the plant and equipment is: A) 3.09 years. B) 4.32 years. C) 5.32 years. D) 2.23 years. The correct answer was D) Remaining useful life = (gross investment – accumulated depreciation) / depreciation expense 2.23 = ($1,250,000 – $725,000) / $235,000 | 
发表于 2008-4-17 16:17
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