An investor wanting to know about the tax consequences of a direct participation program (DPP) should know which asset types can be depleted or depreciated. All of the following asset types can be depleted or depreciated EXCEPT:

The Goal Seek feature in Excel works with only one variable input value

Indicate whether the statement is true or false

A common measure of the effect of a company's credit policies is:

a. receivable turnover. b. days' sales uncollected. c. both receivables turnover and days' sales uncollected. d. neither receivables turnover nor days' sales uncollected.