In most states (majority rule) a minor may disaffirm a contract even though the consideration received cannot be returned
Indicate whether the statement is true or false
T
You might also like to view...
Why is it beneficial for a firm to use a contract manufacturer or contract service provider? Provide at least one example of a firm that uses a contract provider and the benefit experienced because of this.
What will be an ideal response?
Which of the following is NOT an example of dynamic capabilities?
a. Technological know-how b. Intellectual property c. Business process knowledge d. Friendly working environment
One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide."
Answer the following statement true (T) or false (F)
Rangers, Inc. purchased a truck for $64,000, with an estimated useful life of 5 years and a residual value of $8,000. The company uses the double-declining-balance method of depreciation; however, for year 3 they switch to the straight-line method. There is no change to the estimated useful life or residual value. What is the accumulated depreciation balance at the end of year 4? (Round any
intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) $45,973 B) $55,706 C) $50,986 D) $44,800