A taxpayer that wants to change its taxable year from a fiscal year to a calendar year is not required to receive permission from the IRS to make the change.

Answer the following statement true (T) or false (F)


False

Business

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How can service life be measured?

A) units of time B) units of activity C) units of output D) All of the above answer choices can be used to measure service life.

Business

Researchers studying print advertisements report that the picture, headline, and copy matter in that order

Indicate whether the statement is true or false

Business

Brentwood Auto Repair purchased a new machine and placed it in service on June 14. Which of the following is NOT included in the cost of equipment?

A) cost of testing the machine on June 12 B) purchase commission C) sales tax D) a six month insurance policy which was paid on June 5 and became effective on June 15

Business

A benefit of videoconferencing is that it restores the nonverbal elements of interpersonal communication that are lost over the telephone

Indicate whether the statement is true or false

Business