When personal property is attached to a building and becomes real property, it is know as:
a. a trade fixture
b. a fixture
c. a conditional appurtenance
d. all of the above
Answer: a. a trade fixture
Business
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Your daughter has been saving $500 a year for each of the last 10 years for her "sweet sixteen" party. How much is now in her party account (at the end of the tenth year) if she earned an annual rate of return of 6%?
A) $6,590.40 B) $7,680.04 C) $5,300.00 D) $8,714.84
Business
The term "cost center" may be used to describe responsibility centers that are assigned responsibility for capital investment
Indicate whether the statement is true or false
Business