When a standard costing system is used with process costing, Work in Process inventory is recorded using standard costs
Indicate whether the statement is true or false
T
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On April 1, 2015, due to obsolescence resulting from a new technology, a company discarded a computer that cost $5,000, had a useful life of 4 years, and a salvage value of $400. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2014 was $3,450.a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.b. Prepare the journal entry to record the disposal of the computer.
What will be an ideal response?
Computers can be misused in many ways
Indicate whether the statement is true or false
Explain how a community Q&A site can have lasting and long-term implications for an organization
What will be an ideal response?
Which of the following would be least important in assessing a company’s adherence to the socially responsible investing (SRI) approach?
a. profitability b. environmental impact c. social performance d. management pay scale