Reworking a product is an appraisal cost
Indicate whether the statement is true or false
F
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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
Every consumer brand strives to be both ________ and ________
A) widely available; low-cost B) relevant; unique C) unique; widely available D) relevant; low-cost E) low-utility; unique
If you read the fine print on a car loan that claims zero percent, you will probably find that it is for a period much shorter than the full loan period
Indicate whether the statement is true or false.
Which of the following is the first step in the data preparation process?
A. Data validation B. Data entry C. Data editing D. Data tabulation E. Data coding