Which depreciation method ignores residual value when computing the depreciable base of an asset?
A) sum-of-the-years'-digits method
B) double-declining-balance method
C) composite method
D) group method
B
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To calculate the price-earnings ratio, use the following formula:
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Answer the following statement true (T) or false (F)
The most effective tool for persuading a legislator is a/an ______.
A. e-mail B. petition C. personal visit D. handwritten letter
Which of the following does not characterize federal transfer taxes?
A. The tax is imposed on the value of wealth transferred because of the death of an individual. B. The tax is imposed on the value of wealth transferred by an individual as a gift. C. The tax is imposed on the value of wealth transferred by an individual to charity. D. All of the above characterize federal transfer taxes.
Which of the following reasons is the most responsible for corporations being the most important form of business organization in the United States?
A) Corporations have limited life. B) Stockholders have unlimited liability. C) Corporations are subject to less government regulation than other forms of business organizations. D) Corporations have the ability to raise larger sums of capital than other forms of business organizations.