If Todd found three paintings in the trash that Jolene had thrown away, Todd is entitled to keep them
Indicate whether the statement is true or false
true
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On January 1, Year 1, the Dole Company purchased an asset that cost $154,000. The asset had an expected useful life of seven years and no estimated residual value. The company initially decided to use sum-of-the-years'-digits (SYD) depreciation for both financial accounting and income tax purposes. Depreciation expense for the straight-line method and the sum-of-the-years'-digits method is as follows:
? ? Straight-line SYD over ? Year over 7 Years 7 Years Difference 1 $ 22,000 $ 38,500 $ 16,500 2 22,000 33,000 11,000 3 22,000 27,500 5,500 4 22,000 22,000 0 5 22,000 16,500 (5,500) 6 22,000 11,000 (11,000) 7 22,000 5,500 (16,500) ? $154,000 $154,000 $ 0 ? At the beginning of Year 4, Dole changed from the sum-of-the-years'-digits method to the straight-line method of depreciation for financial reporting purposes. The company's income tax rate is 30%. In Year 3 and Year 4, Dole had $90,000 pretax income before depreciation and income taxes. ? Required: ? a. Complete the following section of the income statement: ? ? ? ? ? ? Year 3 Year 4 ? ? ? ? ? Pretax income before depreciation $90,000 $90,000 ? ? ? ? ? Depreciation expense _______ _______ ? ? ? ? ? Income before income taxes _______ _______ ? ? ? ? ? Income tax expense _______ _______ ? ? ? ? ? Net income _______ _______ ? ? b. Prepare the journal entries to record the depreciation expense, tax expense, and the effect of the accounting change (if any) in Year 4. What will be an ideal response?
How are permit departments helpful in conversion investigation efforts?
a. Identifying the nature and location of businesses, new leases, and recent construction. b. Obtaining information about chattel mortgages and loans to individuals or businesses on equipment. c. Obtaining license numbers used for identification in transactions. d. Identifying owned assets, indebtedness, mortgage holders, trustees or straw buyers.
In a coaching situation, feedback and advice should be ______.
a. delayed for a period of time if negative performance is observed b. vague so that it is not hurtful c. balanced in terms of including positive feedback d. only include information provided by others than the coach
Cost of quality training is a component of ______.
A. internal failure costs B. external failure costs C. appraisal costs D. prevention costs