Which of the following is/are not true?
a. For buildings, common practice assumes a zero salvage value on the assumption that the costs a firm will incur in tearing down the building will approximate the sales value of the scrap materials recovered.
b. Tangible assets, with the exception of buildings, may have substantial salvage value.
c. Intangible assets related to a contractual right, such as landing rights at an airport or franchise rights to sell a franchiser's products, generally expire at a specific time and therefore have zero residual value.
d. Identifiable intangibles acquired in a business combination that are separable, such as customer lists or brand names, may have significant salvage values.
e. none of the above
E
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A(n) ____________________ is a document for recording the direct materials, direct labor, and factory overhead costs incurred on a specific job
Fill in the blank(s) with correct word
Which of the following is true of Japanese creative advertising strategies according to Tamotsu Kishii?
A) They use humor to create a bond of mutual feelings. B) They use long, explanatory narrations in television commercials. C) They place priority on product quality rather than company trust. D) They prefer direct rather than indirect forms of expression.
A change from the straight-line method of depreciation to an accelerated method should be accounted for as a(n)
a. change in an accounting estimate. b. change in an accounting principle. c. prior period adjustment. d. accounting error.
Successfully managing inventories can positively impact all of the following except?
a. Customer service b. Product design c. Competitiveness d. Cost