Mark Industries uses the straight-line depreciation method. One asset had been purchased for $11,000. Annual depreciation expense was $2,000 after considering residual value of $1,000. What was the estimated useful life of the asset?
A) 5.50 years
B) 5.00 years
C) 10.00 years
D) 11.00 years
B
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A seller who is at a disadvantage has two alternatives: decrease total customer benefit or increase total customer cost
Indicate whether the statement is true or false
When completing the bank reconciliation, deposits in transit would be
A) added to the company's records. B) deducted from the company's records. C) added to the bank statement balance. D) deducted from the bank statement balance.
Which of the following is true of the negotiability of a written instrument?
A. An instrument written on a piece of wrapping paper will be considered a poor business practice and will not be negotiable. B. The writing of an instrument does not have to be on any particular material; all that is required is that it be in writing to be negotiable. C. The Uniform Commercial Code considers only instruments that are handwritten as negotiable. D. An instrument written in pencil does not qualify as a negotiable instrument.
An opportunistic employee generally exhibits the following behaviors except:
a. Avoids discussions regarding inappropriate behavior b. Threatens lawsuits for perceived harms c. Follows rules meticulously to give the employer no cause to fault him b. Blames others for the bad things happening to him