On November 1, 2006, Dark Company places a new asset into service. The cost of the asset is $9,000 with an estimated 5-year life and $1,000 salvage value at the end of its useful life. What is the depreciation expense for 2007 if Dark Company uses the straight-line method of depreciation?

In a mass interview, a team of individuals interviews the candidate in a ________ fashion

A) serial B) sequential C) panel D) systematic

If a bond is sold at a premium, the carrying value reported on the balance sheet in subsequent years ________

A) stays the same each year B) increases each year C) decreases each year D) changes every year as the market rate of interest changes