A company purchased office equipment for $20,000 and estimated a salvage value of $4,000 at the end of its 5-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is
A. 20%
B. 25%
C. 4%
D. 40%
Ans: D. 40%
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Comparisons between products are often quite difficult because they may have unique features and different levels of quality and price. These types of product are seen by consumers to differ in quality, style, suitability, and lifestyle compatibility. What products are they?
a. heterogeneous shopping products b. comparative convenience products c. product equivalents d. homogeneous shopping products
Ethics training should ________
A) start at the bottom and move upward through all organizational levels B) focus only on the employees who deal with the public on a day-to-day basis C) begin at the top and continue through all levels of the organization D) start with mid-level management and move laterally through the organization