In which depreciation method is the first year's depreciation computed by applying the depreciation rate to the total cost of the asset (without reducing it for residual value)?

Magnetic hard disks are always internal devices

Indicate whether the statement is true or false.

Which of the following best describes the term fraud?

A) use of force to persuade someone to surrender property B) use of one's wealth to gain power and influence decisions C) use of deception to persuade someone to surrender property D) unintentional misrepresentation of financial statements