The most difficult type of depreciation to remedy is:

a. physical deterioration
b. functional obsolescence
c. functional deterioration
d. economic obsolescence

Answer: d. economic obsolescence

Business

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In comparing the amount of paper work involved in equipment maintenance, the call-basis technique is likely to be less costly than the service-contract basis

Indicate whether the statement is true or false.

Business

A small business is defined as a company that ________

A) is newly launched and has fewer than 100 shareholders B) is dominant in its field and employs fewer than 1,500 employees C) has revenue of less than $750,000 D) is independently owned and operated and not dominant in its field E) is funded through personal lines of credit and has fewer than 1,000 employees

Business