If an asset is disposed of during the year, there is no need to calculate depreciation from the beginning of the year of disposal to the date of disposal

If a buyer using a perpetual inventory system agrees to freight terms of FOB shipping point, then the

A. buyer will debit the Inventory account for the amount of the freight charges B. buyer will debit Shipping Expense C. transportation company will bear the freight cost D. seller will bear the freight cost

From an employee's perspective, tax deferral is beneficial because:

A) current taxes are increased in return for reduced taxes later B) money can be invested that would ordinarily be paid in current income taxes C) tax rates in the future are guaranteed to be lower D) since tax policy varies, there may be no tax on retirement income in the future