PP&E Concepts Quiz
Graded Quiz • 30 min Quiz4 Questions Week 4
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PP&E Concepts Quiz

Graded Quiz • 30 min Quiz4 Questions Week 4
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Q:

Big Boss Building Company purchased some construction equipment to keep up with demand. The new bookkeeper booked this as an expense. Is this correct?

Q:

Aubergine’s Antiques took out a capital lease for a moving van to transport heavier antiques. Will they be able to depreciate this equipment?

Q:

Adé just purchased $75 worth of new staplers for her Honey Helpers Bees business. She wants to book this as a noncurrent asset. Is that the correct way to book it?

Q:

Jason’s Medicinal Juniper Farm recently leased a stump drilling machine for 12 months on an operating lease. Will he be able to account for disposition of this equipment at the end of the lease?

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