The amount of depreciation expense for a fixed asset costing $95,000, with an estimated residual value of $5,000 and a useful life of 5 years or 20,000 operating hours, is $21,375 by the units-of-production method during a period when the asset was used for 4,500 hours
Indicate whether the statement is true or false
False
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Most MPR plans have more than one scenario statement that provides a detailed description of activities coordinated to achieve a given objective
Indicate whether the statement is true or false
Defined contribution health plans
A) provide medical care insurance in retirement. B) generally benefit older workers. C) typically cover 100 percent of health insurance premiums. D) provide a voucher or a set amount of money for you to purchase health insurance.
A supporting compensation approach for an innovator:
A. focuses on system control and work specifications. B. seldom stresses on innovations or risk taking. C. places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. D. stresses delighting customers and bases employee pay on how well they do this. E. stresses doing more with less by minimizing costs and specifying in greater detail exactly how jobs should be performed.
What is a preference under the bankruptcy code? What time period is reviewed to determine if a preference has occurred? When does a long-term debt payment to a bank qualify under the ordinary course of business exception?