Equipment with a cost of $160,000, an estimated salvage value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the useful life should be shortened by 3 years and the salvage value changed to zero. The depreciation expense for the current and future years is:
A) $11,636.
B) $16,000.
C) $11,000.
D) $8,000.
B
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This question has three parts; be sure to answer all three. First, contrast the "holier-than-thou" effect and motivated blindness. Second, explain how both concepts might apply to the following situation: "Glenn is the president of the senior class, and he is having a very busy semester, trying to balance his coursework and his internship at a major company. He can't find the time he needs to write a term paper for his history course. To save himself time, he decides to buy a prewritten paper from a website that sells papers for a hefty fee." Third, explain the dynamics behind cheating.
What will be an ideal response?
The first stage of the interview process is called the selection stage, where candidates to be interviewed are selected
Indicate whether the statement is true or false.
Which of the following is true with regard to strategic planning?
A) At the corporate level, the company starts the strategic planning process by determining what portfolio of businesses and products is best for the company. B) A strategic plan deals with a company's short-term goals. C) The focus of strategic planning is to define a game plan for long-run survival and growth. D) The strategic plan is a statement of an organization's purpose. E) Strategic planning involves identifying segments of consumers with identical preferences.
Define "cross subsidies" and tell what kind of product costing system is likely to have them. What happens to cross subsidies in activity-based costing (ABC)?