(A) Amortization
(B) Depletion
(C) Going Concern
(D) Residual Value

(A) Amortization
(B) Depletion
(C) Going Concern
(D) Residual Value

(A) Cost of an asset + Residual value
(B) Cost of an asset – Residual value
(C) Residual value – Cost of an asset
(D) None of these

(A) $1,000
(B) $1,500
(C) $2,000
(D) $2,500

(A) Capital
(B) Property
(C) Patent rights
(D) Inventory

(A) Patent rights
(B) Inventory
(C) Cash
(D) Trade receivables

(A) receivable
(B) payable
(C) bad debt
(D) none of these

(A) $0
(B) $5,000
(C) $10,000
(D) $15,000

(A) Assets + Liabilities = Equity
(B) Assets – Liabilities = Equity
(C) Assets – Receivable = Equity
(D) Assets + Receivable = Equity

(A) International Financial Reporting Standards
(B) International Financial Accounting Standards
(C) International Accounting & Auditing Standards
(D) International Risk Reporting Standards