On July 17, 2017, Kevin places in service a used automobile that cost $25,000 . The car is used 80% for business and 20% for personal use. In 2018, he used the automobile 40% for business and 60% for personal use. Determine the cost recovery recapture for 2018
a. $0
b. $528
c. $2,000
d. $2,500
e. None of the above
b
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Suppose parties to a contract that is under the UCC fail to specify some term. The UCC:
a. provides appropriate remedies for the breach created by that failure b. has rules to fill the gap about a silent term c. supplies all necessary terms to complete any commercial contract d. requires the terms to be completed before it recognizes a valid contract e. provides a special master to arbitrate all open terms
________ improves the performance of data operations by storing indices or "keys" to data records
A) Indexed sequential access B) Sequential access C) Direct access D) Slow access
Martina's franchise agreement allows her to open up to seven new stores within a 100 mile radius of the first one. Martina is best described as:
A. a master licensee. B. a franchisee. C. a franchisor. D. an area developer.
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $32,000 and ending work in process inventory of $38,000. During the month, $255,000 of costs were added to production and the cost of units transferred out from the department was $249,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:
A. $542,000 B. $574,000 C. $70,000 D. $287,000