To become more efficient and make better use of your time, you must complete a departmental analysis and a job analysis
Indicate whether the statement is true or false
T
Business
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A plant asset cost $27,000 when it was purchased on January 1, 2008. It was depreciated by the straight-line method based on a 9-year life with no salvage value. On June 30, 2015, the asset was discarded with no cash proceeds. What gain or loss should be recognized on the disposal?
A. No gain or loss B. $4,500 loss C. $3,000 gain D. $6,000 loss
Business
In a manufacturing operation parts used to produce the finished product are considered:
A. appreciation expense. B. a variable cost. C. depreciation expense. D. a fixed cost.
Business