The Standard Wooden Types of Graphite Pencils Are

question 12

Multiple Choice

The standard wooden types of graphite pencils are:

• A) P, P-1, P-2, P-3
• B) HB, H, H-2, H-3, H-4
• C) PH, PH-1, PH-2, PH-3
• D) PN, PN-1, PN-2, PN-3, PN-4

Demonstrate knowledge of how to record the acquisition and disposal of fixed assets.

Recognize the criteria for classifying assets as fixed assets.

Explain the financial statement implications of leasing versus purchasing assets.

Appreciate the implications of asset revaluation and adjustment of useful life on depreciation calculations.