When estimated useful life of an asset is revised:
A. depreciation expense reported in previous years would be changed retroactively.
B. generally accepted accounting principles have been violated.
C. depreciation will continue at the current rate.
D. the depreciation expense in subsequent years will be changed but previous calculations will not be changed.
Answer: D
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Wilbur uses a Books-A-Million customer card, Kash-N-Karry customer card, Jerry's Cleaners customer card, and Sandwich Shop customer card when he shops at any of these retailers. Each time he uses them, he gets rewarded with reduced cost, free merchandise, or a credit. These cards form a part of
A. assortment planning programs. B. market basket analysis. C. retail analytic programs. D. privacy and CRM programs. E. frequent-shopper programs.
What are some of the different sub-teams that will work with the overall implementation team?
What will be an ideal response?
As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium for property insurance on a new warehouse in the amount of $975,000. The building is structural classification C and area rating 3. In addition, Oceana will require contents insurance in the amount of $2,100,000. What is the amount of your quote? (Use Table 19-4 from your text)
Gwen and Travis organized a new business as an LLC in which they own equal interests. The new business generated a $10,000 operating loss its first year. If Gwen's marginal tax rate is 35%, her tax savings from the first-year LLC loss is:
A. $5,000 B. $3,250 C. $3,500 D. $1,750