A business, which has a calendar year accounting period, purchased an asset on March 1, 2016. The business disposed of the asset on August 31, 2017. For the calendar year 2017, depreciation should be calculated from January 1 to August 31
Indicate whether the statement is true or false
TRUE
Business
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A logical function that returns true if any of the conditions are true.
A. AND function B. OR function C. NOT function
Business
The gap ratio is useful because it indicates the scale of the interest rate exposure by dividing the gap by the asset size of the institution.
a. true b. false
Business