Specifically identifiable intangible assets acquired from others may have either a ____________________ useful life or an ____________________ useful life
Fill in the blank(s) with correct word
finite, indefinite
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Machinery was purchased on January 1, 2009 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Sum-of-the-years'-digits depreciation for 2010 would be
A) $10,929 B) $6,000 C) $10,500 D) $9,000
If a manger steps into a company under the terms of a security agreement what can the manager NOT do?
A) take over the function of the board of directors B) can fire all the employees with one day's notice and no compensation C) run the company as an ongoing business D) negotiate the sale of the business E) the manager can do all of the above actions
Discharge relieves the debtor in bankruptcy from liability for all of his debts
a. True b. False Indicate whether the statement is true or false
Pricing schedules with all unit quantity discounts encourage retailers to
A) decrease the size of their lots. B) increase the size of their lots. C) decrease the size of their inventory. D) increase the price of their products.