Which of the following is true?
a. If using the straight-line method, the amount of depreciation expense during the first year is higher than thatof the double-declining-balance.
b. Regardless of the depreciation method, the amount of total depreciation expense during the life of the assetwill be the same.
c. If using the double-declining-balance method, the total amount of depreciation expense during the life of theasset will be the highest.
d. If using the units-of-output method, it is possible to depreciate more than the depreciable cost.
b
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The primary use of assessment centers is to identify
A. the employees who have the personality characteristics and skills needed for managerial positions. B. the factors that inhibit group performance. C. the decision processes and communication styles that inhibit production. D. the strengths and weaknesses of an organization. E. the opportunities and threats to an organization.
The primary source of evidence concerning contingencies is the client's external attorney
a. True b. False Indicate whether the statement is true or false
A practical decision to expense small capital expenditures rather than record them as property, plant, and equipment and depreciate them probably is made on the basis of the convention of
a. conservatism. b. consistency. c. materiality. d. full disclosure.
An unfavorable usage variance would occur when the actual usage of inputs is greater than the standard usage
Indicate whether the statement is true or false