Zenith Corporation bought a machine on January 1. 2014. In purchasing the machine, the company paid $40,000 cash and signed an interest-bearing note for $105,000. The estimated useful life of the machine is five years, after which time the salvage value is expected to be $10,000. Given this information, how much depreciation expense would be recorded for the year ending December 31. 2015, if the company uses the sum-of-the-years'-digits depreciation method?
a. $45,000
b. $36,000
c. $40,000
d. $34,000
B
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When the NLRB believes that the union had majority support but extreme employer misconduct eroded support and renders a new election pointless, the NLRB can issue a _______________________________ to force collective bargaining.
Fill in the blank(s) with the appropriate word(s).
All else being equal, an increase in the yield to maturity of a bond will result in:
A. an increase in the market price of the bond. B. a greater interest rate price risk on a long-term bond than on a short-term bond. C. an increase in the maturity value of the bond. D. a decrease in the rate of return at which the cash flows from the portfolios can be reinvested. E. a lower risk of suffering losses in the market values of the bond portfolios.
Which of the following accounts belongs in the liability section of a balance sheet?
A) interest expense B) preferred stock C) accumulated depreciation D) accounts payable
Because consumers are loyal to a brand innovation should be avoided.
a. True b. False