On January 1, 2016, a company disposed of equipment for $16,200 cash that had cost $35,000, a salvage value of $5,000, and a useful life 10 years. The double-declining-balance depreciation method was used. On December 31, 2015, accumulated depreciation was $20,664. Prepare a journal entry to record the disposal of the equipment.
What will be an ideal response?
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A customer has agreed to buy a multimillion-dollar oil well drilling platform from Tara's company. As a salesperson, what are the three important points that Tara needs to remember as she gets her buyer to sign on the form and formalize his commitment to buy?
What will be an ideal response?
The location of a website affects the cost and speed of accessing information
Indicate whether the statement is true or false
Which of the following best explains the function of a CRM database?
A. It is used to gather, store, and maintain personal information about customers. B. It is used to keep track of orders from suppliers and related cost fluctuations. C. It is used to improve the security of IT systems employed for marketing. D. It is used to evaluate employee performances. E. It is used to estimate changes in currency values in the international market.
Underapplied overhead occurs when the actual overhead costs incurred during a period are greater than the overhead costs applied during the period.
Answer the following statement true (T) or false (F)