When an agent terminates an agency arrangement, the agent's action is called:
A) Rejection of authority.
B) Reaffirmation of authority.
C) Reacquisition of authority.
D) Revocation of authority.
E) Renunciation of authority.
E
Business
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A bricks-and-clicks company can be described as all of the following except:
A) multichannel. B) pure-play. C) integrating offline and online business. D) click-and-mortar.
Business
Kaven Corporation purchased a truck at the beginning of 2016 for $75,000 which will be depreciated using the units-of-output method. The truck is estimated to have a residual value of $3,000 and a useful life of 4 years and 120,000 miles. It was driven 18,000 miles in 2016 and 32,000 miles in 2017. What is the depreciation expense for 2017?
A) $18,750 B) $19,200 C) $20,000 D) $32,000
Business