The book value of an asset is equal to the asset's after-tax proceeds, provided after the asset has been sold
Indicate whether the statement is true or false
FALSE
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The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Equipment purchases in 2019 were:
A. $ 120,000. B. $ 30,000. C. $ 70,000. D. $ 100,000.
Happy Foods and General Grains both produce similar puffed rice breakfast cereals. For both companies, the cost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their production costs any further. How can one company achieve a competitive advantage over the other?
A. Increase total perceived consumer benefits through differentiation. B. Lower prices to the break-even price. C. Increase the number of stock market shares available to investors. D. Raise prices above the current reservation price.
Why does the death benefit increase under certain conditions in the universal life Plan A (fixed face amount)?
What will be an ideal response?
In a CDS with a notional principal of $100 million the reference entity defaults. What is the payoff to the buyer of protection when the recovery rate is 30%?
A. $100 million B. $30 million C. $130 million D. $70 million