Production equipment that cost $20,000, with a salvage value of $5,000 and an estimated service life of five years, was purchased on the first day of the first month of the fiscal year. The second year of depreciation, using the declining-balance method, would result in depreciation expense of:
a. $4,000
b. $8,000
c. $3,600
d. $2,400
e. none of the above.
e
You might also like to view...
Assuming no preferred stock exists, total stockholders' equity divided by the number of shares of common stock outstanding is equal to ________________________________________
Fill in the blank(s) with correct word
Which category of objection is typically used when the prospect wants to get rid of the salesperson in the most courteous manner possible?
What will be an ideal response?
What is a microblog?
A. a blog service that supports only short posts B. a blog whose owner doesn't post very often C. a blog run by a small business D. a blog that supports only links to other posts E. a blog that targets a very small consumer group
Tanika has a checking account at First Bank. Orrin steals one of her blank checks, writes a check for $250 to himself, and then forges Tanika's signature. Orrin then indorses the instrument to Paul in payment of a debt. Paul presents the instrument to First Bank for payment. At First Bank's request, Paul indorses the instrument, and the bank then pays him $250. Which of the following is correct?
A) Paul has no contractual liability on the instrument. B) Orrin has no contractual liability on the instrument. C) Tanika has no contractual liability on the instrument. D) Paul, Orrin and Tanika all have contractual liability on the instrument.