Under which of the following rules is actual cash value determined by taking into consideration all relevant factors an expert would use to determine the value of the property?
A) the circumstantial evidence rule
B) the broad evidence rule
C) the property indemnity rule
D) the objective value rule
Answer: B
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Indicate whether the statement is true or false
The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date) the overhead is
over/under applied by? A) $1,000,000 over B) $1,000,000 under C) $500,000 over D) $500,000 under
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a. written b. oral c. nonverbal d. electronic
The last step involved in the point method of job evaluation is determining the compensable factors.
Answer the following statement true (T) or false (F)