The addition rule is used to determine the probability of the intersection (joint probability) of two events occurring, or P(A and B)

The government usually will scrutinize high profile mergers and acquisitions to ensure that they are not creating monopolies.

a. true b. false

A company purchased office equipment for $20,000 and estimated a salvage value of $4,000 at the end of its 5-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is

A. 20% B. 25% C. 4% D. 40%