The sum of all the depreciation expense recorded to date for a depreciable asset is called ________

A) book value
B) residual value
C) depreciation expense
D) accumulated depreciation

D

Business

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On March 1, 2016, Hughes Services issued a 6% long-term notes payable for $18,000

It is payable over a 3-year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2017. Which of the following entries needs to be made on March 1, 2016? A) Long-Term Notes Payable 6,000 Cash 6,000 B) Current Portion of Long-Term Notes Payable 18,000 Long-Term Notes Payable 18,000 C) Long-Term Notes Payable 18,000 Accounts Payable 18,000 D) Cash 18,000 Long-Term Notes Payable 18,000

Business

Which of the following describes the "Halo effect?"

(a) the rating is too generous, (b) only the latest performance is evaluated, (c) all ratings fall within a central range called "average," (d) one prominent quality influences all other factors.

Business