On January 1, Year 1 Marrow Moving Company paid $35,000 to purchase a truck. The truck was expected to have a four-year useful life and an $8,000 salvage value. If Marrow uses the straight-line method, the amount of accumulated depreciation shown on the Year 2 balance sheet is
A. $17,500
B. $7,000
C. $35,000
D. $13,500
Answer: D
You might also like to view...
From a strategy-implementing/strategy-executing perspective, operating budget allocations should
A. be linked to the costs of performing value chain activities as determined by benchmarking against best-in-industry competitors. B. be strategy-driven and based on how much each organizational unit needs to carry out its piece of the strategic plan efficiently and effectively. C. primarily be based on the number of new strategic initiatives being implemented in each operating department. D. be based on the number of people employed in each of the divisions. E. depend on how much stretch there is in each department's objectives and what additional resources are needed to help reach these performance targets.
The Federal Antiterrorism Act of 2001 includes the following provisions except:
A) Allowing nationwide search warrants. B) Allowing the detention of noncitizens for up to seven days without filing charges if the person has been certified as being under suspicion of involvement in terrorist activities. C) Taking away the right to court-appointed attorneys for terrorism defendants who cannot afford to pay for their own attorneys. D) The authorization of a Special Intelligence Court. E) Permitting roving wiretaps.
An advertisement—"we buy gold"—is an offer
a. True b. False Indicate whether the statement is true or false
Multinational financial management requires that
A. the effects of changing currency values be included in financial analyses. B. legal and economic differences need not be considered in financial decisions because these differences are insignificant. C. political risk should be excluded from multinational corporate financial analyses. D. traditional U.S. and European financial models incorporating the existence of a competitive marketplace not be recast when analyzing projects in other parts of the world. E. cultural differences need not be accounted for when considering firm goals and employee management.