The formula for depreciable cost is
A) initial cost + residual value
B) initial cost - residual value
C) initial cost - accumulated depreciation
D) depreciable cost = initial cost
B
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Guidelines which can assist managers in their effort to establish global brand leadership include all of the following except:
A) create a compelling value proposition for customers. B) before taking brand overseas, select name, marks and symbols. C) make a process template available to all managers. D) assign specific responsibility for managing branding issues. E) make a process template for international consumers.
Which of the following is false regarding the management letter?
a. The management letter is not required b. The management letter is the same as the management representation letter. c. The management letter helps to provide management comfort that the auditor has done a quality job. d. The management letter helps provide management with information that the auditor knows and understands the client's business.
The transactions listed in the following questions occurred in a private, not-for-profit hospital during 20X8. For each transaction, indicate its effect on the hospital's statement of operations for the year ended December 31, 20X8.Transaction: A gain was realized from the sale of endowment investments. The gain is not expendable.Effect on Statement of Operations:
A. The transaction is reported on the statement of operations, but there is no effect on operating income. B. The transaction is not reported on the statement of operations. C. Increases operating income. D. Decreases operating income.
Which of the following statements is CORRECT?
A. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk. B. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0. C. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8. D. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio. E. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.