The following beginning and ending balances were drawn from the records of Allen Co. BeginningEndingEquipment $2100? $1250? Accumulated Depreciation $770? $1600? If Allen Co. sold equipment that had an original cost of $1750 and accumulated depreciation of $850 for $475, how much did Allen pay for new equipment?
A. $375
B. $900
C. $2600
D. $750
Answer: B
You might also like to view...
Business Process Modeling Notation (BPMN) activity diagrams depict activities as circles.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1) Compound interest assumes that all interest earned will remain invested and earn additional interest at the same interest rate. 2) The only difference between the present value and future value of a lump sum is the amount of interest that is earned in the intervening time span. 3) The following formula is used to compute the present value of a lump sum: Future value = Present value × PV factor for i = X%, n = X periods 4) The process for calculating present values is often called discounting future cash flows because future amounts are discounted to their present value. 5) An annuity is a series of unequal payments over equal intervals.
According to one perspective, “leaders are those who (1) best represent the values of their followers, and (2) are better at solving their followers’ problems and achieving their goals”. This defines:
a. the power perspective definition of leadership b. facilitative leadership c. the leaders as representatives perspective d. the superior skills perspective of leadership
The elements of a job such as fiscal accountability, leadership, and product accountability are referred to as
A. job specifications. B. job classification factors. C. compensable factors. D. factor comparisons.