GAAP requires the general description of the methods used in the computation of depreciation regarding major classes of assets to be disclosed in the notes of the financial statements

Indicate whether the statement is true or false


True

Business

You might also like to view...

How do the majority of potential customers find business websites?

A. By applying analytics. B. Through search terms that match the content. C. Through magazines and newspapers. D. Through viral advertisements.

Business

The American epidemic of obesity among U.S. youth is an example of which external force?

a. Sociocultural b. Special interest c. Demographic d. Political-legal e. Media

Business

On January 1 . 2010, Elaine Company purchased for $600,000, a trademark with an estimated useful life of 1 . years. In January 2014, Elaine paid $90,000 for legal fees in a successful defense of the trademark. Trademark amortization expense for the year ended December 31 . 2014, should be

a. $37,500. b. $43,125. c. $45,000. d. $90,000.

Business

What are the four quadrants of Quinn’s model?

a. Financial, customer, internal processes, and learning & growth b. Human resources, internal processes, open systems, and rational economic c. Human resources, financial, marketing, and sales d. Internal, external, stakeholders, and mission

Business