All of the following are true with regard to the alternative depreciation system except
A) the principal type of property for which ADS is required is any tangible property which is used predominantly outside of the United States.
B) the ADS election is available to real property on a property-by-property basis.
C) the ADS election is available to personal property on a property-by-property basis.
D) once the ADS election is made for specified property, it is irrevocable.
C) the ADS election is available to personal property on a property-by-property basis.
For personal property, the ADS election applies to all property within a class.
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A $500,000, 5% bond issue was sold at face value and later redeemed at 104% of face value. The corporation would have a
a. gain of $20,000; b. loss of $20,000; c. loss of $25,000; d. gain of $25,000; e. none of these.
Which of the following is true of a franchise fee?
A. It is a continuous fee paid by the franchiser to the franchisee. B. It is a fee based on the percentage of a franchisee's gross revenue. C. It is a one-time fee paid to the franchiser. D. It is a fee paid to the franchiser at regular intervals of time.
Use the decision rule for payback to rank the projects from most desirable to least desirable, all else being equal.
Carolina Logistics, Inc. is considering three investment opportunities with the following payback periods:
A) Y, Z, X
B) X, Y, Z
C) Z, Y, X
D) Y, X, Z
Net income plus interest expense divided by average total assets is the formula for which of these analytical measures?
a. price-earnings ratio b. inventory turnover c. rate earned on total assets d. number of days' sales in inventory