Average number of defects per unit would be considered what type of performance measure?
a. Supply chain
b. Financial
c. Customer service
d. Quality
d. Quality
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For some types of assets, such as plant, property and equipment, asset growth typically ____________________ future sales growth
Fill in the blank(s) with correct word
Extortion of public officials is called extortion under color of official right.
Answer the following statement true (T) or false (F)
In year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash.Jan. 5Paid $5,000 to put a new engine in the truck that is expected to make the truck run more efficiently and increase the truck's useful life by one year. The salvage value did not change.Mar. 1Paid $2,000 to replace a broken tailgate that was damaged when a heavy carton was inadvertently dropped on it.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
Expense items are depreciated over many years, while capital items are charged off, as they are used usually in the year of purchase.
Answer the following statement true (T) or false (F)