Which of the following is NOT an example of a recurring cost?
A) Software maintenance
B) Data storage expenses
C) System conversion
D) Hardware leases
C
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Barnhill, Inc uses straight-line depreciation for its equipment with an estimated useful life of 10 years and zero residual value. The CEO points out that the equipment will last much longer than 10 years, perhaps up to 20 years. What is the impact on earnings per share and net income of depreciating equipment over 20 years rather than 10 years?
a. Both earnings per share and net income will decrease. b. Both earnings per share and net income will increase. c. Earnings per share will decrease and net income will increase. d. Earnings per share will increase and net income will decrease.
Why should a writer evaluate contents to be sure they achieve their purpose and outcome, and what should the writer look for during the evaluation process?
What will be an ideal response?
According to Standard Rate and Data Service's (SDRS's) classification of magazines, ________ magazines are bought by the general public for information and/or entertainment.
A. consumer B. industrial C. niche D. national E. business
Dark Room Corp purchased equipment for $45,000
Total depreciation of $36,000 was recorded. On January 1, 2017, Dark Room exchanged the equipment for new equipment, paying $65,000 cash. The market value of the new equipment is $65,000. Prepare the journal entry to record this transaction. Assume the exchange had commercial substance. What will be an ideal response