MACRS allocates the same amount of cost each period as determined by the total initial cost divided by the number of years of useful life of the machines
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: STRAIGHT LINE DEPRECIATION allocates the same amount of cost each period as determined by the total initial cost divided by the number of years of useful life of the machines.
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Local Services, a voluntary health and welfare organization had the following classes of net assets on July 1, 20X8, the beginning of its fiscal year: Unrestricted$500,000 Temporarily restricted 100,000 Permanently restricted 1,000,000 During the year ended June 30, 20X9, the following events occurred:(1) It purchased equipment, costing $100,000, with contributions restricted for this purpose. The contributions had been received from donors during June of 20X8. (2) It received $130,000 of cash donations which were restricted for research activities. During the year ended June 30, 20X9, $90,000 of the contributions were expended on research. (3) It sold investments classified in the net assets with donor restrictions class for a loss of $40,000. Dividends and interest income
earned on the investments amounted to $70,000. There were no restrictions on how investment income was to be used. (4) It received cash contributions of $200,000 from donors who did not place either time or use restrictions upon their donations. (5) Expenses, excluding depreciation expense, for program services and supporting services incurred during the year ended June 30, 20X9, amounted to $260,000. (6) Depreciation expense for the year ended June 30, 20X9, was $80,000. Refer to the above information. On the statement of activities for the year ended June 30, 20X9, net assets with donor restrictions: A. increased $40,000. B. decreased $60,000. C. decreased $100,000. D. increased $130,000.
A company using a skill-based pay system prices the job of lead assembler between $10 and $22 per hour. Survey data showed that the job of assembler averaged $10 per hour and the job of assembly supervisor averaged $22 per hour. The company is using the ________ method of job matching.
A. benchmark conversion B. low-high C. survey leveling D. benchmark job
What is a good way to mitigate a managerial weakness?
a. recognize and admit the weakness b. pretend the weakness doesn't exist c. get help from a therapist d. all of these
The manager of a local retail firm wishes to tell his employees that the company has decided to downsize and terminate 10 percent of the workforce. He posts this information on a memo on a bulletin board. Which of the following zones of communication effectiveness is this manager in?
a. The overburdened zone b. The most effective zone c. The overload zone d. The oversimplification zone