The cost of an asset is $3,600 . Salvage value is $600 . Useful life is 3 years. What is the amount of annual depreciation using the straight-line method?
a. $3,600; b. $1,200; c. $1,000; d. $200; e. $0
C
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In terms of spokesperson characteristics, which is the degree of confidence or the level of acceptance consumers place in the spokesperson's message?
A) trustworthiness B) expertise C) credibility D) likeability
The auditor is responsible for evaluating the likelihood of a client continuing as a going concern for a reasonable period of time. What is considered to be a reasonable time period?
a. One year from the audit report date. b. One year from the last day of field work. c. One year from the balance sheet date. d. Two years from the balance sheet date.
The accountant prepares the statement of cash flows after completing the
a. balance sheet, only. b. income statement, only c. balance sheet and the income statement. d. funds flow statement. e. statement of retained earnings.
Because some countries have looser environment regulations, what legal relief is available in order to level the playing field?
a. International dispute resolution b. Import bans c. Multilateral treaties d. All of the above