Which of the following accounting problems does not involve a present value calculation?
A) The determination of the market price of a bond.
B) The determination of the declining-balance depreciation expense.
C) The determination of the amount to report for long-term notes payable.
D) The determination of the amount to report for lease liability.

Question

Quizplus · Accepted Answer

The determination of the declining-balance depreciation expense does not involve a present value calculation. It is a method of calculating depreciation expense based on a fixed percentage of the asset's book value. The other options involve calculating present values either for bond pricing, notes payable or lease liabilities.

Which of the Following Accounting Problems Does Not Involve a Present