In online training, an instructor has the capability to provide detailed feedback to trainees.
Answer the following statement true (T) or false (F)
True
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Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information about Norwood, Inc What amount will Norwood, Inc report as depreciation expense over the 8-year life of
the equipment? a. $60,000 b. $72,000 c. $75,000 d. $80,000
Organization costs of $15,000 would be treated as follows:
a. Organization Costs is debited for $15,000 and reported under Other Expenses on the Income Statement. b. Each year Amortization Expense is debited for $3,000 and Organization Costs is credited for $3,000. c. Each year, Organization Costs is debited for $3,000 and Accounts Payable is credited for $3,000. d. Each year Amortization Expense is debited for $5,000 and Organization Costs is credited for $5,000. e. Organization costs are divided equally among the incorporators.
A process capability index above 1 means that the process variability
A) just meets specifications and the process is minimally capable. B) is tighter than specifications and the process exceeds minimal capability. C) is outside the range of specification, the process is not capable of producing within specification, and the process must be improved. D) is none of the above.
The three factors usually used to determine the relevant labor markets are the occupation, geography, and competitors.
Answer the following statement true (T) or false (F)