Basilia Corporation purchased a machine for $180,000 on January 1 . 2013 . Basilia will depreciate the machine using the straight-line method using a five-year period with no residual value. As a result of an error in its purchasing records, Basilia did not recognize any depreciation for the machine in its 2013 financial statements. Basilia discovered the problem during the preparation of its
2014 financial statements. What amount should Basilia record for depreciation expense on this machine for 2014?
a. $0
b. $36,000
c. $44,000
d. $72,000
B
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When considering the effects of transportation costs, the conclusions of our trade model must be modified. This is because transportation costs result in
a. lower trade volume, higher import prices, smaller gains from trade. b. lower trade volume, lower import prices, smaller gains from trade. c. higher trade volume, higher import prices, smaller gains from trade. d. higher trade volume, lower import prices, greater gains from trade.
Theo’s boss is often described as friendly, cooperative, diplomatic, and sensitive. Theo would be most accurate in saying his boss is high in which major leadership trait?
A. sociability B. intelligence C. conscientiousness D. drive
Which type of trust exists when people possess personality traits that encourage them to put their faith in others?
A. disposition-based B. perception-based C. cognition-based D. affect-based
Which of the following entries records the withdrawal of cash for personal use by Ty Knott, the owner of a business?
A. debit Ty Knott, Drawing, and credit Cash B. debit Cash and credit Ty Knott, Capital C. debit Salary Expense and credit Cash D. debit Cash and credit Salary Expense