Which of the following is true of accumulated depreciation?
A. It is added to the value of the total assets of a company.
B. It is added to the long-term liabilities of a company.
C. It represents the total value of the damaged goods present in a batch of supplies.
D. It is the decrease in the value of assets such as machinery, equipment, and property over time.
Answer: D
You might also like to view...
What are the major consumer market segments?
What will be an ideal response?
Because little or no inventory is carried in a service operation, it is easy to separate the operations management functions from marketing in services.
Answer the following statement true (T) or false (F)
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for revenue in the planning budget for November would have been closest to:
A. $149,981 B. $148,500 C. $170,500 D. $172,200
Legal concerns about channel of distribution arrangements are most likely to arise when
A. a firm uses multichannel distribution to reach its target markets. B. a traditional channel system is involved. C. the firm is using intensive distribution. D. a corporate channel system is involved. E. there are horizontal arrangements between firms at the same level of the channel.