Participation Questions - Chapter 7

Please wait until the chapter has been fully covered in class to answer all of the participation questions in Webcourses. 

Instructions:

What: After class is 100% completed for each chapter, you will be asked to answer 5 questions that pertain to the class materials (not necessarily from the textbook, but based on the class viewed live or via video). The questions are available for approximately one week after each chapter is completed. Although your ability to answer the questions in Webcourses is limited in time, the class videos will remain available in Webcourses throughout the semester. Please wait until the chapter has been fully covered to answer all of the participation questions in Webcourses.

Questions:

• Nike was used as an example for the intangible asset of Trademarks.
• True or False
• What company committed fraud by capitalizing $11 billion of costs instead of properly expensing them?

• Target, WorldCom, JC Penney, Albright Mobile Communications
• Name a type of intangible asset.

• Equipment, Building, Land, Goodwill
• Tangible property is depreciated each year in order to comply with the matching principle.

• True or False
• The double declining balance method of calculating depreciation expense forces companies to pay higher income taxes in the earlier years of the assets life.

• True or False

Why: The participation questions are designed to make sure you are engaging with the course materials on a timely and consistent basis.  

Evaluation: You have only 1 attempt for the participation questions.