The earlier the depreciation deduction can be taken, the greater the present value of the tax savings will be to the taxpayer
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The idea of value-based marketing requires firms to charge a price that
A. matches competitors' prices. B. prioritizes customer excellence above operational excellence. C. includes the value of the effort the firm put into the product or service. D. covers costs and generates a modest profit. E. captures the value customers perceive that they are receiving.
In community property states, property acquired by inheritance during the marriage is:
a. community property. b. separate property. c. a tenancy by the entirety. d. a tenancy in common.
Acme Goblets Inc entered into an oral agreement to sell 20,000 hand-crafted bubble glass goblets to Dante's Restaurant. Subsequently, Dante's refused to accept delivery of the goblets. Acme sued the restaurant for breach of contract. Dante's purchasing agent admitted in court that he had contracted for 20,000 goblets. Which statement is correct?
a. The contract is void since it was oral. b. The contract is enforceable since Dante's purchasing agent has admitted the agreement. c. The contract is not enforceable because the parol evidence rule will keep the court from considering the purchasing agent's statement. d. The contract is integrated.
The salaries of a manufacturing plant's management are said to arise from:
A. batch-level activities. B. facility-level activities. C. product-sustaining activities. D. direct-cost activities. E. unit-level activities.