One task of the ________ department is to generate nonpaid forms of communication to foster goodwill among customers and others

On July 1, 2003, PLEE Corporation purchased factory equipment for $50,000. Salvage value was estimated at $2,000. The equipment will be depreciated over 10 years using the double-declining-balance method. Counting the year of acquisition as one-half year, PLEE should record 2004 depreciation expense of:

a. $8,640 b. $9,000 c. $8,000 d. $10,000

International banks created facilities for sales of short-term, negotiable promissory notes, called ________

A) eurocredits B) euro commercial paper C) euro-MTNs D) euronotes