Which of the following is/are true?
a. Under U.S. GAAP, firms must test property, plant, and equipment for possible asset impairment when conditions indicate that a significant decrease in fair value has occurred.
b. Under U.S. GAAP, firms initially compare the undiscounted cash flows expected from the asset to the asset's carrying value.
c. Under U.S. GAAP, a fixed asset impairment occurs when the asset's carrying value exceeds the undiscounted cash flows.
d. Under U.S. GAAP, the amount of the recognized impairment loss is the excess of the carrying value over the fair value of the asset.
e. all of the above
E
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Maintaining equipment in the reprographics center is an effective means of helping control the costs of the operation
Indicate whether the statement is true or false.
Volvo ended its mechanistic approach—where people worked separately on a production line, specializing in one task—by creating a new design in which a group of highly skilled employees worked together to assemble the cars using a collection of parts. As a result, people no longer felt like they were “machines” and became more motivated, productive, and effective. Volvo was used in the textbook to describe which organizational development intervention?
a. Sociotechnical system design b. Task-technology c. Quality of worklife d. People-focused
The depreciation method that allocates an equal portion of the total depreciable cost for a plant asset to each unit produced is called:
A. Straight-line depreciation. B. Accelerated depreciation. C. Declining-balance depreciation. D. Modified accelerated cost recovery system (MACRS) depreciation. E. Units-of-production depreciation.
Thalia works in the accounting department at a major department store. Though she does her job reasonably well, she is often late to work and frequently calls in sick. She's cordial with other employees and her boss but is not given to socializing. Thalia is a(n)
A. seat-warmer. B. lone wolf. C. daydreamer. D. citizen. E. apathetic.