As the usefulness of a plant asset expires,
A) an amount is transferred from one asset account to another.
B) a related expense account is reduced.
C) a liability is created.
D) the cost of the asset is allocated to an expense account.
D
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The average company match for 401(k) retirement plans is ________ on the dollar up to 6 percent of pay.
A. 50 cents B. 40 cents C. 20 cents D. 30 cents
Interviews with industry experts individuals knowledgeable about the firm and the industry may help formulate the marketing research problem. Which of the following statements is true about interviews with industry experts?
A) These experts may be found both inside and outside the firm. B) Typically, expert information is obtained by unstructured personal interviews without administering a formal questionnaire. C) It is helpful to prepare a list of topics to be covered during the interview. D) All of the above are true.
Answer the following statements true (T) or false (F)
The present financial disclosure system imposes costs on users rather than the companies themselves.
A company purchased a tract of land for its natural resources at a cost of $1,000,000. It expects to harvest 5,000,000 board feet of timber from this land. The salvage value of the land is expected to be $200,000. The depletion expense per board foot of timber is:
A. $0.20. B. $0.04. C. $0.24. D. $0.16. E. $0.75.