Briefly describe straight-line depreciation
What will be an ideal response?
Answer: With straight-line depreciation, capital assets are depreciated by the same amount each year. The annual depreciation is determined by the initial cost plus installation cost less anticipated salvage value, and this entire amount divided by the number of years of useful life of the asset.
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Leary Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 25,000 Accounts receivable $ 46,000 Property, plant, and equipment 69,000 Long-term debt 41,000 Capital stock 107,000 Accounts payable 22,000 Retained earnings ? Inventory 33,000 What is Leary's retained earnings balance at the end of the current year?
a. $10,000 b. $3,000 c. $66,000 d. $110,000
Answer the following statements true (T) or false (F)
1. Luxury carmaker Rolls-Royce has a focused-differentiation strategy. 2. A single-product strategy can be described as focused but vulnerable. 3. A small florist most likely follows a diversification strategy. 4. General Electric sells lighting products and is also involved in plastics, broadcasting, and financial services. GE uses a related diversification strategy.
Which type of board is commonly found in public organizations?
A. elected B. advisory C. appointed D. self-perpetuating
In firms without a global product policy, operations managers in the headquarters typically have preferred to ______ the product, or at least the production process, in as many overseas plants as possible.
Fill in the blank(s) with the appropriate word(s).