On April 1, 2015, due to obsolescence resulting from a new technology, a company discarded a computer that cost $5,000, had a useful life of 4 years, and a salvage value of $400. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2014 was $3,450.a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.b. Prepare the journal entry to record the disposal of the computer.
What will be an ideal response?
a. Apr. 1 Depreciation Expense……………………………………287.50
| ? | Accumulated Depreciation- Computer……………. 287.50 |
| ? | [($5,000 ? $400)/4 years] * (3/12) = $287.50 |
| Loss on Disposa1 of Computer………………………... | 1,262.50 |
| ? | Computer………………………………………. 5,000.00 |
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Indicate whether each of the following statements is true or false.In making a decision to eliminate a segment of a business, managers should compare differential revenues for the segment to its avoidable costs._____Eliminating one segment of a business generally has no effect on the other segments._____Eliminating one segment of a business has no effect on the customers of the other segments._____The opportunity cost, alternative use for facilities, should be considered in deciding whether to retain a segment of a business._____A decision to eliminate a segment of a business is likely to have long-term consequences because re-establishing the segment might be difficult._____
What will be an ideal response?
Having too much information surrounding us can lead to which barrier of communication?
a. Differing perceptions b. Filtering c. Information overload d. Emotions
Only a defendant may file a motion for summary judgment.
Answer the following statement true (T) or false (F)
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A. An embargo B. A quota C. A voluntary export restraint D. A tariff