Which of the following reasons provides the best theoretical support for accelerated depreciation?
a. Assets are more efficient in early years and initially generate more revenue.
b. Expenses should be allocated in a manner that "smoothes" earnings.
c. Repairs and maintenance costs will probably increase in later periods, so depreciation should decline.
d. Accelerated depreciation provides easier replacement because of the time value of money.
A
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Which of the following is likely to happen according to monetarists if money supply in an economy decreases suddenly??
A. ?Output and employment falls B. ?The interest rate falls C. ?Investment rises D. ?Consumption rises
Explain the problems associated with inappropriate accounting practices
Organizational Dilemma (Scenario)Adam is a manager at Ohm Software. The top management are of the opinion that the organization needs to be more flexible in how work gets done and wants to encourage greater collaboration.The top management instruct Adam to put together a temporary team which will develop new training programs for the purpose of upgrading the existing skills of the firm's software engineers. Adam is being asked to put together a ________.
A. task force B. community of practice C. contingent workforce D. cross-cultural team
A company places $10,000 into a money market account for four months. The account is expected to pay 9 percent annual interest, compounded monthly. After one month, the entry to record interest earned is:
a. Short-Term Investments 75 Interest Income 75 b. Cash 75 Interest Income 75 c. Interest Income 75 Cash 75 d. Cash 75 Interest Receivable 75