A firm purchased an office machine for $4,600, estimated that it will use the machine for 15 years, and estimated a salvage value of $100 . On December 31 of the sixth year, before closing the books for the year, the firm analyzed its estimates of useful life and salvage value. In light of new information, the firm estimated that the machine will have a total useful life of only 10 years, and the
salvage estimate of $100 remains reasonable. The new estimate of the remaining life is five years (the year just ended plus the next four). The depreciation entry on December 31 of the sixth year and each year thereafter is:
a. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300
Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .300
b. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600
Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .600
c. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .300
Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300
d. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .600
Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600
e. none of the above
B
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Some union agreements state that current employees must be informed of upcoming new openings. This practice is called job
A. posting. B. advertising. C. description. D. announcement. E. specification.
Estephanie, Yahaira, and Adamaris, all African Americans, worked in the advertising department of a large cosmetic company with a multi-cultural employee base. One day, while eating lunch with Estephanie and Yahaira, Adamaris noted that most of the counter displays and advertisements for the company's products featured light-brown-skinned women. The women discussed the problems with this approach to advertising and decided that the major problem was that women of other skin tones had no way to know what the product would look like on their skin. They developed an advertising campaign that included women of a wide spectrum of skin tones. How has diversity awareness most benefited this company?
A. It has provided a wider range of perspectives for more critical analysis of the issues. B. It has given the company an edge in hiring by allowing it to attract and retain the best personnel. C. It has provided less conformity to norms of the past and improved the level of creativity. D. It has broadened the marketing efforts to include a wider customer base which could improve sales.
BANK RECONCILIATION: Use the information below to answer the following question(s). Indicate in which section of the Bank Reconciliation Statement the following reconciling items would appear.John Bosley Co., Bank Reconciliation, April 30, 2019Bank Statement Balance$XXBook Balance of Cash$XX Additions:A Additions:C Deductions:B Deductions:DAdjusted Balance per Bank?Adjusted Book Balance of ? Statement$XX Cash$XXAn NSF check from a customer.
What will be an ideal response?
A fee simple owner has the right to exclusively possess and use his or her property to the extent that the owner has not transferred any interest in the property.
Answer the following statement true (T) or false (F)