Use the information below for Flora Inc for 2015 and 2016 to answer the following question. Equipment, December 31, 2015 $65,000 Equipment, December 31, 2016 72,000 Accumulated depreciation, December 31, 2015 39,000 Accumulated depreciation, December 31, 2016 30,000 During 2016, Flora Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was
recognized on the sale of the equipment This was the only equipment sale during the year. What was depreciation expense for 2016?
a. $ 9,000
b. $16,000
c. $21,000
d. $30,000
b
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In the personal selling process, a telemarketer for a life insurance firm who calls and asks the head of the household, "If you were to die tomorrow, would your family be cared for?" is engaged in ________.
A. closing the sale B. prospecting C. stimulus-response selling D. creating a preapproach E. order taking
______ is a set of values that place low importance on service to others and high importance on thrift and perseverance.
A. Individualism–collectivism B. Masculinity–femininity C. Long-term orientation D. Uncertainty avoidance
A ________ can occur when performance is good but someone realizes that it could be better.
A. freezing B. performance gap C. force-field analysis D. moving E. melding
The production of 240 units during a 480-minute work shift results in a takt time of:
A) 24 seconds. B) 30 seconds. C) 120 seconds. D) 240 seconds.