An individual typically has several careers over a lifetime
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A person may have several jobs over a lifetime, but not several careers. The series of jobs themselves comprise the career, so a person cannot have more than one career no matter how many different jobs he or she holds.
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Information appropriateness is defined as __________.
Fill in the blank(s) with the appropriate word(s).
Bartlett Company purchased equipment on January 1, 2014, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2015, if the straight-line method of depreciation is used, is
A. $78,000 B. $160,000 C. $80,000 D. $156,000