Describe the process that allocates the costs of the tangible and intangible operating assets to expense.
What will be an ideal response?
There are three categories of operating assets that require different allocation procedures. Tangible plant assets are allocated using one of several different depreciation methods, while intangible assets are allocated to accounting periods using straight-line amortization.
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A privatized clinic wants to expand its efforts and create a new office on the other side of the city. The new clinic will offer the same services as the first, but the new clinic will have a different staff. Which of the following strategies is this?
a. nominal participation
b. redistributive participation
c. purposive duplication
d. fragmentation
e. none of the above
The stage of new service or product development at which personnel are trained and some pilot runs can be conducted to look for possible problems in production is called:
A) design. B) analysis. C) development. D) full launch.
When is a currency said to be overvalued?
A) when its internal purchasing power is greater than its external purchasing power B) when its external purchasing power is greater than its internal purchasing power C) when its external purchasing power is less than its internal purchasing power D) when its internal purchasing power is equal than its external purchasing power
Which of the following is true with respect to a defective formation of a limited partnership?
A) The formation is defective if the certificate filed does not substantially meet statutory requirements. B) It jeopardizes the limited liability of a limited partner. C) The 1985 RULPA reduces the risk of a limited partner for defective formation. D) All of these are correct.