Which of the following costs would NOT be included in the cost of machinery?

The proceeds gained upon disposition of an asset at the end of its useful life are referred to as the asset's _______________.

Late in Year 1, XYZ Company signs a contract to construct a bridge for the Florida Dept. of Transportation. The contract price is $42,000,000. The costs during the 3-year construction period are as follows: Year 2: $10,000,000 Year 3: $15,000,000 Year 4: $5,000,000 If XYZ Company recognizes income under the percentage-of-completion method, how much income would they recognize on the bridge contract in Year 2?

When managers choose estimates that lead to higher current income, analysts refer to those earnings as ________________.

Which of the following is a type of intangible asset that appears on the balance sheet only when one company is acquired by another?

When using the indirect method to determine operating cash flows in a cash flow statement, which of the following would be added to net income?

In which of the following depreciation methods is the estimate of useful life NOT required?

In financial statements, what is the proper handling of the Allowance for Uncollectible Accounts?

Small adjustments to and replacement of plant assets that have little or no effect on useful life are called _______________.

Assets that can provide future benefits without having physical form are called ___________.

Which of the following factors is an example of a functional cause of depreciation?