The creator of a life estate may retain what interest in the life estate?

Pine Corporation makes adjusting entries monthly. Property, Plant, and Equipment depreciates at a rate of $9,000 per month. No entry for depreciation has been recorded in the month of March. What adjusting entry is necessary at March 31?

A) Accumulated Depreciation 750Property, Plant, & Equipment 750 B) Depreciation Expense 9,000Accumulated Depreciation 9,000 C) Property, Plant & Equipment 750Depreciation Expense 750 D) Depreciation Expense 9,000Property, Plant & Equipment 9,000

Owen has a contract to build a garage. He delegates the wiring job to a local electrician who improperly performs it. Owen is responsible, even though he delegated the duty

Indicate whether the statement is true or false