1. The factor that is not relevant in computing depreciation is salvage value.us

1. The factor that is not relevant in computing depreciation is salvage value.useful life. replacement value.cost.2. Lincoln Company sells 600 units of a product that has a one-year warranty on parts.The average cost of honoring one warranty contract is $50. During the year 30 contracts are honored at a cost of $1500. It is estimated that 60 contracts will be honored in the following year. The adjusting entry at the end of the current year will include adebit to Warranty Expense for $4500.credit to Estimated Warranty Liability for $3000.credit to Estimated Warranty Liability for $4500.debit to Warranty Expense for $1500.3. The paid absence that is most commonly accrued isvoting leave.vacation time.maternity leave. disability leave.4. Most companies pay current liabilitiesby issuing stock.by creating long-term liabilities.out of current assets.by issuing interest-bearing notes payable.