ECO 1192 Midterm: 2008 Midterm 2.2.doc
Document Summary
Please note: you have 80 minutes (7 pm to 8:15 pm) to complete partial examination #2 which consists of 30 multiple choice questions, questionnaires and answer sheets are colour coded. Ensure that your copies have matching colours: all questions must be answered on the scantron sheet, please indicate your name, student number and course number on the front of the scantron sheet. The declining balance (db) depreciation method is always preferred to the. Straight line (sl) depreciation method because the sl method generates more depreciation charges during the life of the asset: true, false. The explicit cash flows of a business include annual income taxes and depreciation charges. A business should maintain accurate depreciation records of capital assets to track the value of its physical assets capture true production costs calculate its income tax liabilities all of the above answers. None of the above answers. b) c) d)
