Since the features and functions of complex products like CRM or ERP are not easy to identify, ________ is a major task when implementing enterprise systems.
A. data tunneling
B. data duplication
C. gap identification
D. virtualization
E. encapsulation
Answer: C
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Blanton Company bought equipment on January 1, 2012, with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2016 that the useful life should be shortened by 3 years and the residual value changed to zero. What is the accumulated
depreciation at the end of 2015? a. $42,667 b. $32,000 c. $40,000 d. $8,000
Under the indirect method, revenues and expenses reported on the income statement are adjusted to reflect the amount of cash received or paid for each item
Indicate whether the statement is true or false
Virtual fit uses technology that lets shoppers see how a product might look on them.
Answer the following statement true (T) or false (F)
Mary Ann pays the costs for her Aunt Hazel to live in a nursing home. Aunt Hazel receives Social Security benefits of $7,000 a year which are turned over to the nursing home. Mary Ann pays the remaining cost of $33,000. Hazel has no other income. Mary Ann visits Hazel twice a week and meets with doctors and nurses regarding Hazel's medical care. What tax issues should Mary Ann consider?
What will be an ideal response?