A firm acquires a car for company business. The car costs $12,000, has a useful life of 5 years, and a salvage value of $2,000 . The straight-line method of depreciation is used. What is the gain or loss on retirement if the car is sold for $5,000 after three years of use?

a. a gain of $200
b. a loss of $1,000
c. a gain of $1,000
d. a loss of $200
e. a loss of $800


B

Business

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a. price war b. regulated pricing environment c. administered pricing environment d. market pricing environment

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Distinguish between minor breach and material breach.

What will be an ideal response?

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Determine where the following two constraints intersect

2X - 4Y = 800 ?X + 6Y ? -200 What will be an ideal response?

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A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A group of robbers staged a daring robbery. They forced the armored car off the road, shot two guards, and took over $120,000 in cash

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