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AAMI ACCOUNTING 2 FINAL EVALUATION 2026 CORRECT RESPONSE ANALYSIS RESOURCE PACK

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AAMI ACCOUNTING 2 FINAL EVALUATION 2026 CORRECT RESPONSE ANALYSIS RESOURCE PACK

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AAMI
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AAMI

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AAMI ACCOUNTING 2 FINAL EVALUATION
2026 CORRECT RESPONSE ANALYSIS
RESOURCE PACK



◉ What rate do we assume when we use the declining balance
method of depreciation. Answer: .40


◉ What are the 4 methods of calculating depreciation. Answer:
Straight line method
Units of Output
Sum of years digits
Double declining method


◉ Acquisition cost-Accumulated depreciation. Answer: Book value


◉ What are the accelerated methods of depreciation. Answer:
Double declining method
Sum of years digits

, ◉ Which depreciation method establishes the same depreciation
expense per year. Answer: Straight line method


◉ Which depreciation method establishes the same depreciation
expense per use. Answer: Units of output method


◉ Acquisition cost-Salvage value/Useful life in years. Answer:
Annual depreciation expense


◉ Acquisition cost-Salvage value/Units of output. Answer:
Depreciation expense per use


◉ Journal Entry: purchase of goods to sell on account w/ a freight
charge. Answer: Debit:


merchandise purchases
freight in


Credit:


Cash

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