There is a loss on redemption of bonds when bonds are redeemed above carrying value
Indicate whether the statement is true or false
True
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Claxton Company purchased a van on January 1, 2018, for $820,000. Estimated life of the van was five years, and its estimated residual value was $103,000. Claxton uses the straight-line method of depreciation. At the beginning of 2020, the company revised the total estimated life of the asset from five years to four years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2020.
A) $266,600 B) $215,100 C) $107,550 D) $133,300
Preston Company has three divisions. The company should consider a cost to be a direct cost of a division if:
A. It meets guidelines imposed by generally accepted accounting principles. B. It can be traced to a division in a cost-effective manner. C. It can be allocated to a division. D. It is a variable cost.
Three ways to achieve coherence are to use
A) unity, passive voice, and active voice. B) short paragraphs, a confident tone, and topic sentences. C) transitional words, pronouns, and repetition. D) white space, headings, and justification. E) transitions for cause and effect, sequence, and contrast.
Branding is more likely to be successful if the product is the best value for the price, and quality can be consistently maintained.
Answer the following statement true (T) or false (F)