Which of the following would be charged to the life tenant's interest in the course of administering a trust?
a. Expenses of selling a trust investment.
b. The costs of establishing the trust.
c. Ordinary repairs to trust property.
d. Permanent improvements to the trust property.
c
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When people use money by trading it for goods and services, money is serving the role of a
A. medium of exchange. B. unit of account. C. store of value. D. standard of deferred payment.
Most companies now have fully proactive service desks.
Answer the following statement true (T) or false (F)
Badger Corporation purchased a machine for $132,000 on January 1 . 2011, and depreciated it by the straight-line method using an estimated useful life of eight years with no salvage value. On January 1 . 2014, Badger determined that the machine had a useful life of six years from the date of acquisition and will have a salvage value of $12,000 . A change in estimate was made in 2014 to reflect
these additional data. What amount should Badger record as the balance of the accumulated depreciation account for this machine at December 31 . 2014? a. $73,000 b. $77,000 c. $61,250 d. $63,600
What do consumers offer in exchange in order to receive a benefit from a nonprofit organization?
What will be an ideal response?