CPA 考試問題...

5.The asset turnover ratio is computed by dividing
a.net income by ending total assets.
b.net income by average total assets.
c.net sales by ending total assets.
d.net sales by average total assets.

6.On July 1, 2007, Hernandez Corporation purchased factory equipment for $300,000. Salvage value was estimated to be $8,000. The equipment will be depreciated over ten years using the double-declining balance method. Counting the year of acquisition as one-half year, Hernandez should record depreciation expense for 2008 on this equipment of
a.$60,000.
b.$54,000.
c.$52,560.
d.$48,000.
7.A plant asset has a cost of $48,000 and a salvage value of $12,000. The asset has a three-year life. If depreciation in the third year amounted to $6,000, which depreciation method was used?
a.Straight-line
b.Declining-balance
c.Sum-of-the-years'-digits
d.Cannot tell from information given
8.On January 1, 2007, the Accumulated Depreciation, Machinery account of a particular company showed a balance of $740,000. At the end of 2007, after the adjusting entries were posted, it showed a balance of $790,000. During 2007, one of the machines which cost $250,000 was sold for $121,000 cash. This resulted in a loss of $8,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2007?
a.$171,000
b.$187,000
c.$50,000
d.$121,000