Recording a request for notice of default results in a junior lienholder being notified of the recording of any:

A. a new trust deed
B. notice of default
C. trustee's deed
D. foreclosure judgement lien

Answer: B. notice of default

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A representative of a deceased partner may act as a temporary partner.

a. true b. false

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Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years __ change in the salvage value, the depreciated expense for the year should be:

A. $6,000 B. $5,300 C. $8,000 D. $4,000

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