According to the Modified Accelerated Cost Recovery System (MACRS), automobiles are to be placed with other assets that have a five-year class life. Assume Dallmeyer Digital bought a car in December 2004. What would be the last year in which it would take recognize depreciation on the vehicle?
A) 2004
B) 2009
C) 2010
D) 2011
B
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To meet the ________ criterion of useful market segments, it must be possible to formulate effective programs for attracting and serving the segments
A) measurable B) substantial C) accessible D) differentiable E) actionable
Which of the following items are NOT reported after income from continuing operations?
A) earnings per share B) gross profit C) discontinued operations D) net income
Medina Company has a tax rate of 30 percent and is considering a capital project that will make the following annual contribution to operating income: Cash revenues $140,000 Cash expenses (40,000) Depreciation (45,000) Operating income before income taxes $55,000 Income taxes (16,500) Operating income $38,500 Using the receipts and disbursements method, net cash inflows are
A) $(83,500). B) $43,500. C) $83,500. D) $100,000.
Disparate treatment cases involve
A. discharge complaints. B. purposeful discrimination. C. affirmative action goals. D. immigration cases.