A plant asset purchased and placed into service on January 2, 1996 cost $100,000, has a 25-year useful life and is being depreciated by the straight-line method. It has no salvage value but its current replacement value is $120,000 . It can be sold for $25,000, as is. On the balance sheet of December 31, 2010, this asset should be shown at:
a. a cost value of $25,000.
b. a book value of $40,000.
c. a cost value of $120,000.
d. a book value of $65,000.
e. none of the above values.
b
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In terms of ageist language, which of the following is NOT true of the United States?
a. U.S. culture tends to disparage the elderly. b. U.S. culture tends to advantage the youthful. c. U.S. culture tends to exalt the elderly. d. U.S. culture tends exalt the youthful.
Which of the following services offered by investment firms have some states declared to be incompatible with generating forecasts of company earnings? 1 . Assisting a firm in an initial public offering in determining a preliminary offering price. 2 . Assisting a firm in an initial public offering in determining the number of shares to be sold. 3 . Agreeing to buy the entire issue of stock in an
initial public offering and reselling the stock to investors. 4 . Agreeing to put forth the firm's best effort to sell the entire issue of stock in an initial public offering. a. Only 3 b. Only 4 c. 3 and 4 d. 1, 2, 3, and 4
________ involves changing the product to meet local requirements, conditions, or wants
A) Product invention B) Straight product extension C) Standard global marketing D) Communication adaptation E) Product adaptation
The units sold or expected to be sold or sales revenue earned or expected to be earned above the break-even volume is called
A) Margin of safety B) Operating leverage C) Break-even point D) Contribution margin E) Super break-even point