Matching Quiz

Select the correct answers on the left to fill in the blanks on the right. There are more answers than questions, therefore, some of the items on the right will remain unused. When you have completed the quiz, click the SUBMIT button at the bottom.


1				The remaining, undepreciated amount of an investment is known as its ____________.


2				The depreciable life of an asset is also known as the _____________.


3				The two types of property for which depreciation is allowed are known as ________ and ____________property.


4				Although land is considered to be real property, it is not ___________.


5				In the straight line method of depreciation, the depreciation charge in the final year reduces book value to ___________________.


6				MACRS depreciation rates extend one year beyond the recovery period because of the required _________________.


7				MACRS depreciation rates always write-off the asset's value to _____________.


8				Cost or factor depletion is based on _____________ level, not time as used in depreciation.


9				Percentage depletion is determined as a stated percentage times___________.


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Answer choices for questions 1 through 9

A)	Real and fixed
B)	Taxable income
C)	Personal and real
D)	Usage
E)	Market value
F)	Saleable
G)	Salvage value
H)	Zero
I)	ADS range
J)	Half-year convention
K)	Production life
L)	Book value
M)	Depreciable
N)	MACRS and personal
O)	Net income
P)	Personal property
Q)	Gross income
R)	Recovery period

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