The depreciation method that charges the same amount of expense to each period of the asset's useful life is called:
A) Accelerated depreciation.
B) Declining-balance depreciation.
C) Straight-line depreciation.
D) Units-of-production depreciation.
E) Modified accelerated cost recovery system (MACRS) depreciation.
C) Straight-line depreciation.
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The Allowance for Doubtful Accounts has a debit balance of $3,000 at the end of the year (before adjustment), and Bad Debt expense is estimated at 2% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is ________
a. $1,200 b. $7,000 c. $13,000 d. $12,000
The performance assessments of the motivational elements of a cost management system (CMS) includes all but which of the following?
a. short term assessment. b. quantitative assessment. c. financial assessment. d. activity based assessment.
All of the following are examples of operating activities except:
A) decisions on whether or not to schedule overtime for employees. B) decisions on what price to charge for a product. C) decisions on whether or not to accept a special order. D) decisions on whether actual outcomes were similar to desired outcomes.