A two year-old asset has a depreciable life of 10 years. Its initial purchase cost was $450,000 and it is depreciated by 10 percent annually. What is the remaining depreciable value of the asset?
A. $ 0.00
B. $90,000
C. $200,000
D. $360,000
Answer: D
You might also like to view...
Assume that during the physical count of the inventory of a large corporation for this year, $450,000 of merchandise was counted twice. The error was not detected, and the financial statements were prepared. Identify the individual statements that would be affected and explain the effect the count error would have on each. (Omit income tax considerations.)
Hafsah is considering who to promote into a new position. She asks each of her supervisors to write an appraisal of their employees describing each employee’s strengths and weaknesses. Hafsah is requesting supervisors use the ______ method of performance appraisal.
A. ranking B. management by objectives C. narrative D. behavioral anchored rating
A table of contents is not recommended for a formal business report
Indicate whether the statement is true or false
Describe customer service failures. What are they, and what are the potential impacts of customer service failure? Describe an incident during which customer service has failed you. How did you respond?
What will be an ideal response?