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NEW QUESTION: 1
A firm has just acquired a long-term asset with a useful life of 5 years. Its acquisition cost was $65,000 and its salvage value is estimated at $10,000. If the firm uses straight-line depreciation method, what's the depreciation expense recognized in Year 3?
A. $11,000
B. $14,500
C. $10,600
D. $13,000
Answer: A
Explanation:
Explanation/Reference:
Explanation:
In Straight-line method, depreciation is constant at (1/n)*(acquisition cost - salvage value). In this case, depreciation = (1/5)*(65,000-10,000)=$11,000.

NEW QUESTION: 2
All of the following are common consumer-to-corporate international payment mechanisms EXCEPT:
A. giros.
B. debit cards.
C. smart cards.
D. CHIPS.
Answer: D

NEW QUESTION: 3

A. Option D
B. Option B
C. Option C
D. Option A
Answer: B

NEW QUESTION: 4
Which statement correctly describes what is returned by the E4X statement:
imageData..images.(@category=="animal")
A. A list of categories named animal
B. All images nodes with a child node named category with the value animal
C. All images nodes with an attribute named category with the value animal
D. This is NOT a valid E4X statement
Answer: C