Under the Modified Accelerated Cost Recovery System (MACRS) depreciation method, the salvage value is
a. added to the cost of the asset.
b. ignored.
c. subtracted from the cost of the asset.
d. added to the straight-line depreciation.
b
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According to the text, bibliographies are organized alphabetically ________
A) by author B) by title C) by company D) by topic E) by date
On an income statement, if Sales total $40,000, Sales Returns and Allowances $3,000, and Sales Discounts $1,000, net sales will total:
a. $44,000 b. $42,000 c. $36,500 d. $36,000 e. $35,500
Jones has installed solar water heater panels on the roof of his home. The panels are connected by pipes to the water heater (located in the house). Jones' neighbor, Smith, has added a second story and a balcony to his (Smith's) home. The new addition
prevents the sun from hitting Jones' panels and Jones has not had a warm shower for a month. a. Does Jones have any rights against Smith for the prevention of the obstruction? b. Are the solar panels fixtures or personal property? Are any facts missing that are necessary for this determination? c. Suppose Jones' home is subject to a mortgage. The mortgage agreement has a clause covering all additions to the property. The mortgage was recorded on April 2, 2007. Jones had purchased the equipment for the solar panels on credit from Solar Water, Inc on November 19, 2009. What steps should Solar Water, Inc take to assure its interest in the panels? d. Is there any way Solar Water can enjoy priority over the bank's mortgage?
Sure Fit, Inc. has begun a rebranding strategy to let customers know it no longer only produces slipcovers, but now also carries a line of rugs, window treatments, and bedding. Its _____ is described as women with average annual household income of $60,000 or more.
A. market audience B. market differentiation C. perceived market D. target market E. aggregated market