When depreciation is taken on real property:
A: The property has no salvage value;
B: The basis is reduced;
C: The value increases;
D: None of the above.
Answer: B: The basis is reduced;
Business
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The two major forms of technology are process technology and ________
A) dynamic technology B) progressive technology C) market technology D) product technology
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Which of the following are appropriate controls for the general ledger and reporting system?
A) using well-designed documents and records B) online data entry with the use of appropriate edit checks C) prenumbering documents and accounting for the sequence numbers D) All of the above are appropriate.
Business