10. Cirele Yes or No a. Depreciation is an accounting expense b. Depeeciation is

Question

10. Cirele Yes or No a. Depreciation is an accounting expense b. Depeeciation is a cash flow c. The prefered method of depreciation is usually the accekerated d. Sub-Chaper S Corporations are taxed like a partnership e. A limited partnership provides the liability protection of a corporation f. There is a major design error by the A/ firm included in the bid package would Yes No Yes No Yes No Yes No Yes No "a 0.120 this qualify as a change order in favor of the contractor. Yes No $2,018.33day would be legally acceptable as liquidated damages if I have a lease for $726,600.00yT ready to occupy my building? Yes No h. The competitively bid contract is the best way to manage fast track construction? Yes No x 0.1 i. Design-Build Contracts can lead to a Giuaranteed maximum Price around 30% design completion Yes No j. A Performance Bond is put in place to protect the contractor trom the owners non-payment of his invoices Yes No

Explanation / Answer

a) No depreciation is not an accounting expense but it is an operating expense.Depreciation is the scheduled conversion of asset into expense during its operation.

b) Yes depreciation is a cash flow.It is outlined as a positive amount on the cash flow.

c) Yes the preferred method of depreciation is usually acclerated as it allows more deductions in the begining of an assest's life which is prefarable for income tax purposes and also it supports business for buying modern assests.

d) No

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