Organizational core values form the foundation of a firm's decisions.
Answer the following statement true (T) or false (F)
True
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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balancemethod?
a. $17,500 b. $18,750 c. $37,500 d. $16,667
A web directory differs from a search engine in that
A) it doesn't allow keyword searches. B) it can't equal the precision of a general search engine. C) it relies on human editors to evaluate and select content. D) it usually locates more sites than a search engine. E) it formats the request for multiple search engines.
Financial accounting usually involves analyses of various segments of a business, such as cost centers, profit centers, or departments, or of some specific aspect of its operations
Indicate whether the statement is true or false
Changes in accounting principles are caused by the FASB issuing a new accounting standard
Indicate whether the statement is true or false