What are some of the variables that make a plant asset's useful life difficult to predict?
What will be an ideal response?
There are several factors that make it difficult to predict an asset's useful life. A major variable is the wear and tear for the asset's use in operations. Inadequacy, the inability of a company's plant assets to meet the company's growing productive demands, is a second factor. Obsolescence, the issue of a plant asset that no longer has a competitive advantage in producing goods and services, is a third factor. Both inadequacy and obsolescence are difficult to predict because the timing of demand changes, and new inventions, and improvements is unknown.
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Which of the following groups carry out most accounting research?
a. Public accounting firms b. Private industry c. Accounting professors d. Chartered Financial Analysts
The structure of AdVance's business model—formulating custom fertilizers for customers—relies on which of the following sales models?
A) partnering B) persuading C) cobranding D) body language E) transactional selling
When crashing a project, how many critical paths will a project manager potentially have to manage?
a. 0 b. 1 c. More than 1 d. May be 1 or more than 1
A corporation issued 5300 shares of $10 par value common stock in exchange for some land with a market value of $76,000. The entry to record this exchange is:
A. Debit Land $76,000; credit Common Stock $76,000. B. Debit Common Stock $53,000; debit Paid-In Capital in Excess of Par Value, Common Stock $23,000; credit Land $76,000. C. Debit Common Stock $76,000; credit Land $76,000. D. Debit Land $76,000; credit Common Stock $53,000; credit Paid-In Capital in Excess of Par Value, Common Stock $23,000. E. Debit Land $53,000; credit Common Stock $53,000.