Research and development expenses are normally considered to be discretionary costs
Indicate whether the statement is true or false
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Quotations should contain the exact words of the original text or use ____ for text you don't include.
A. semicolons B. commas C. dashes D. ellipses
Seasonal patterns are observed only during the four seasons - winter, spring, summer, and fall
Indicate whether this statement is true or false.
A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:
A. $1,000 B. $2,000 C. $1,800 D. $2,400 E. $5,400
The language used in a promissory note must show that a promise is intended
Indicate whether the statement is true or false