24 . Which of the following is not a major characteristic of a plant asset ?
25 . Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange . The exchange is not expected to cause a material change in the future cash flows for either entity . If a gain on the disposal of the old asset is indicated , the gain will
======================================= ACC 304 Week 5 Midterm Part 1 ( Set 2 ) For more course tutorials visit www . tutorialrank . com
24 . Which of the following is not a major characteristic of a plant asset ?
25 . Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange . The exchange is not expected to cause a material change in the future cash flows for either entity . If a gain on the disposal of the old asset is indicated , the gain will
======================================= ACC 304 Week 5 Midterm Part 1 ( Set 2 ) For more course tutorials visit www . tutorialrank . com
Multiple Choice Question 90
If Labor , Inc . uses the composite method and its composite rate is 7.5 % per year , what entry should it make when plant assets that originally cost $ 80,000 and have been used for 10 years are sold for $ 24,000 ?
Multiple Choice Question 102