The advantage of MACRS over straight-line depreciation is that you can write off more of your capital costs in the ________ years
A) middle
B) last
C) later
D) earlier
Answer: D
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GAAP requires a disclosure that reconciles a company's effective income tax rate and the U.S. statutory income tax rate.
Answer the following statement true (T) or false (F)
Gross income consists of
A) income from all sources. B) only earned income. C) all income less tax credits. D) all income subject to the federal income tax.
Which of the following statements is FALSE about bottleneck operation?
a. The bottleneck resource should never be kept idle. b. The bottleneck resource should always be fully staffed. c. The bottleneck resources should be used to support the nonproductive resources. d. Production should be synchronized based on the requirement of the bottleneck operation.
Fruits & Vegetables, Inc., and Grover's Market enter into a contract for the delivery of locally grown produce. The parties use a standard Fruits & Vegetables form that contains some of the terms the parties agree on but not others. Some of the produce spoils before it can be sold. Grover's refuses to pay for the spoiled goods.Refer to Fact Pattern 19-1B. Fruits & Vegetables files a suit against Grover's, claiming that the buyer assumed the risk of the spoilage of the unsold produce. The court may allow evidence of this term if it finds that the parties' contract is
A. fully integrated. B. not fully integrated. C. not supported by consideration. D. a complete and final statement of their agreement.