Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information for Norwood, Inc Based on this information, what method of depreciation will produce the maximum
depreciation expense in 2016?
a. Straight-line
b. Double-declining-balance
c. Units-of-production
d. All methods produce the same expense in 2016.
b
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Which one of the following nations fall in the lower-middle-income category?
A) Burundi B) Bangladesh C) Egypt D) Venezuela E) none of the above
Which of the following typically would be considered an incremental cost?
A) Fixed cost B) Direct product cost C) Sunk cost D) Administrative overhead cost
Arrow's net income of $115 million and average assets of $1,200 million results in a return on assets of 9.58%.
Answer the following statement true (T) or false (F)
Wikipedia encouraging its users to edit and update its free online encyclopedia is an example of:
a. patronage b. equity c. crowdfunding d. crowdsourcing