Stowe Lumber purchased new office furniture amounting to $64,300. Using MACRS and Tables 17-1 and 17-2 from your text: a. What is the cost recovery percentage for the end of year 5? b. What is the amount of depreciation expense for year 5? (Round to the nearest dollar)
a. 8.93%
b. $5,742
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Identify an advantage of certifications.
A. Provides simple ways of measuring competence B. Increases competition outside a closed group C. Protects potential employers against charlatans D. Provides knowledge that remains up to date
Under the gross-price method, the difference between the original amount due and the cash paid is credited to Purchases Discount
Indicate whether the statement is true or false
Sellers might accept a(n) ________, one whose removal from the country is restricted by the buyer's government, if they can buy other goods in that country that they need themselves or can sell elsewhere for a needed currency
A) blocked currency B) countervailing duty C) custom duty D) anti-dumping duty E) tariff
What type of evidence, often gathering during discovery, includes writings such as
reports, business records, and correspondence? a. Actual evidence b. Documentary evidence c. Demonstrative evidence d. Real evidence