An asset was purchased for $200,000 . It had an estimated residual value of $40,000 and an estimated useful life of ten years. After four years of use, the estimated residual value is revised to $28,000 . Assuming straight-line depreciation, depreciation expense in year 5 of use would be
a. $18,000.
b. $17,144.
c. $28,668.
d. $15,333.
A
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Entering foreign markets is an example of a:
A) product development strategy. B) market penetration strategy. C) market development strategy. D) market modification strategy.
Rather than buy 10 copies of a software package for his 10 employees, Zachary decides to just make 10 copies of the software he bought for his own use. He realizes that this is illegal and that technically he should buy the 10 copies. However, Zachary believes making copies does not harm anyone and saves him a lot of money. It appears Zachary’s justification for his unethical behavior is ______.
A. everyone else does it B. I did it for the good of others or the company C. I was only following orders D. disregard or distortion of consequences
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What will be an ideal response?
Incorporators of Maizey Co signed and delivered the corporate charter to the proper office, but due to inefficiencies in the government office, the filing was delayed. During the period between the delivery of the charter and the filing, a promoter of Maizey Co entered a contract for the delivery of goods using the corporate name. The supplier, if it finds out the filing had not been completed
when the contract was entered, may hold the promoter personally liable on the contract. a. True b. False Indicate whether the statement is true or false