On June 1, Scotter Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 andan estimated useful life of 3 years or 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the first year
a. $12,500 b. $30,000
c. $17,500 d. $40,000
c
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All of the following are examples of communication noise except:
A) driving while listening to the radio B) scanning the newspaper for articles to read C) scrolling past Internet ads without looking at them D) examining an advertisement in a magazine
Which of the following is essential for a company to survive successfully in a global market?
A) a product-centric marketing approach B) an ethnocentric management orientation C) a low-wage workforce D) a sustainable competitive advantage
Racer Corp. acquired all of the common stock of Tangiers Co. in 2016. Tangiers maintained its incorporation. Which of Racer's account balances would vary between the equity method and the initial value method?
A. Investment in Tangiers Co., Equity in Subsidiary Earnings, and Retained Earnings. B. Expenses, Investment in Tangiers Co., and Equity in Subsidiary Earnings. C. Goodwill, Investment in Tangiers Co., and Retained Earnings. D. Expenses, Goodwill, and Investment in Tangiers Co. E. Common Stock, Goodwill, and Investment in Tangiers Co.
Health care providers and officers of corporations have had trouble obtaining liability insurance in recent years
Indicate whether the statement is true or false