The accounting life of intangible assets is determined by:

A) only their legal lives.
B) only their useful lives.
C) their legal lives or useful lives, whichever is shorter.
D) the tax life mandated by the IRS.


C

Business

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Consider a lawn mower that fails 6 times in 240 hr of operation. The failure rate of the lawn mower is ______.

A. 0.025 B. 0.040 C. 0.020 D. 0.030

Business

When does a government grant immunity from prosecution?

What will be an ideal response?

Business

Which sentence is expressed correctly?

A) Clark was just hired for his first fulltime job. B) Clark was just hired for his first full time job. C) Clark was just hired for his first full-time job.

Business

McDonald's introduced its Favorites Under 400 Calories menu, attempting to change consumers' negative views of McDonald's as a seller of unhealthy food. It would like to survey customers to see if attitudes are changing, but it would like to collect some qualitative data first. Suggest two approaches-one offline, and one online-that McDonald's could use to collect qualitative data before designing a survey.

What will be an ideal response?

Business