A depreciation method in which depreciation expense is a function of the actual usage of the asset is called ________ method
a. units–of–activity
b. sinking–fund
c. double–declining–balance
d. straight–line
a
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The Discount on Bonds Payable account is shown on the balance sheet as:
A) an asset. B) an expense. C) a contra-liability. D) as a reduction in equity for the discount provided.
The following statement is an effective way to grant a customer's claim because it shows generosity: Even though we normally don't repair printers that have been mishandled by their owners, we have decided to repair your printer this one time only
Indicate whether the statement is true or false
__________________is the degree to which employees are expected to follow the same rules and policies everywhere.
a. Integration b. Standardization c. Localization d. Responsiveness
Levitz entered into an agreement to sell property to Safeway. Safeway placed a condition in the agreement that required Levitz to obtain title to and sell to Safeway the lot adjoining the property that was the subject matter of the contract. Levitz was unable to acquire title to the adjoining lot but sought to go forward with the sale. Safeway refused. What result?