On January 1, 2016, Ceramic, Inc. purchased a new machine for $160,000. Its estimated useful life is eight years with an expected salvage value of $12,000. Assuming double-declining balance depreciation, 2016 depreciation expense is:

What will be an ideal response?

$40,000

Business

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Which of the following prescriptions is part of the presentation strategy?

A) Build a strong prospect base by analyzing qualified customers. B) Prepare a presale presentation plan needed to meet objectives. C) Assume a role of mentor and associate. D) Project a positive sales image. E) Focus on relationships.

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A(n) ________ refers to a condition whose occurrence or nonoccurrence of a specific event automatically excuses the performance of an existing contractual duty to perform

A) Condition precedent B) Condition subsequent C) Concurrent condition D) Implied condition

Business