If the amount of the insurance recovery for a theft of business property is greater than the asset's fair market value but less than its adjusted basis, a gain is recognized

The present value of a four-year ordinary annuity for which the first payment is deferred for five years (not received until year six) is equal to the present value of a nine-year ordinary annuity minus the present value of a five-year ordinary annuity

Indicate whether the statement is true or false.

To assign indirect costs to cost objects, which of the following methods is used?

A) cost pooling B) cost accumulation C) cost allocation D) cost tracing