A Machine with an Original Estimated Useful Life of Ten

question 43

Multiple Choice

A machine with an original estimated useful life of ten years is moved to another location in the factory after it had been in service for three years.The efficiency of the machine is increased for its remaining useful life.The reinstallation costs should be capitalized if the remaining useful life of the machine is Five Years Ten Years

• A) No No
• B) No Yes
• C) Yes Yes
• D) Yes No

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Definitions:

Great Compromise

An agreement reached during the Constitutional Convention of 1787 that led to the establishment of a two-chambered Congress to balance representation between large and small states.

Equal Number

A condition of having the same quantity or measure as another.

Senators

Elected officials who serve as members of the Senate, the upper chamber of the legislature in many countries, including the United States, responsible for making laws.

House of Representatives

The lower chamber of the United States Congress, consisting of members who are elected based on population from each state to serve two-year terms.