Sunk costs are sometimes relevant for decision-making purposes.
Answer the following statement true (T) or false (F)
False
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Disputants Martin and Daulton have hired Thurman to mediate their disagreement. Although Martin and Daulton must accept whatever decision Thurman makes, the mediation has the advantage of keeping Martin and Daulton out of court
a. True b. False Indicate whether the statement is true or false
B & B, Inc is incorporated in Delaware, but it has its principal place of business in Minnesota. It does much of its business in California. For purposes of diversity of citizenship, B & B is a resident of:
a. Delaware. b. Minnesota. c. Both Delaware and Minnesota. d. Delaware, Minnesota, and California.
The __________ was enacted after widespread abuses in the subprime mortgage market
a. Walsh-Healy Mortgage Reformation and Consumer Protection Act of 2009 b. Mortgage Lending and Financial Reform Act of 2009 c. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 d. Financial Institution Regulatory Pronouncement and Consumer Revision Act of 2010
Under MACRS, an asset which originally cost $100,000, incurred installation costs of $10,000, and has an estimated salvage value of $25,000, is being depreciated using a 5-year normal recovery period. What is the depreciation expense in year 1?
A) $15,000 B) $12,750 C) $11,250 D) $22,000