Copying machines, personal computers, and fax machines are typically classified as _____ because they are not expensive, have short useful lives, and are frequently purchased from local distributors.
A. accessory equipment
B. mobile equipment
C. component parts
D. processed materials
E. supplies
Answer: A
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A company should choose a depreciation method that
a. best allocates the original cost of the asset to the periods benefited by the use of the asset. b. saves the most taxes. c. minimizes net income d. shows the highest amount of net income.
The Export-Import Bank of the United States encourages American firms to sell overseas by providing direct loans and loan guarantees to foreign purchasers of American goods. To American firms, this represents a
a. specific subsidy. b. ad valorem subsidy. c. domestic subsidy. d. export subsidy.
When the existing partners pay a bonus to a newly admitted partner, the existing partners' accounts are debited
Indicate whether the statement is true or false
As outlined in your text, think about the percentage of global advertising delivered by each major medium. Which advertising medium is projected to double in its use in the future?
A. mobile Internet B. radio C. television D. outdoor E. magazines