Which of the following statements is TRUE?
A) The depreciable value of a tangible asset is the total acquisition cost of the asset.
B) The residual value of a tangible asset is the estimated amount to be received for an asset upon its disposal at the end of its useful life.
C) The useful life of a tangible asset is the time period over which the company believes it will own the asset.
D) The estimation of useful lives is almost always based upon when the tangible asset will physically wear out.
E) Depreciation attempts to measure the deteriorating market value of an asset.
B
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A new factory manager was hired for a company that was experiencing slow production rates and lower production volumes than demanded by management
Upon investigation, the manager found that the workers were poorly motivated and not closely supervised. Midway through the quarter, an incentive program was initiated, and cash bonuses were given when workers hit their production targets. Within a short time, production output increased, but the bonuses had to be charged to the direct labor budget, and the manager was worried about the impact of these costs on operating income. This could produce a(n) ________. A) unfavorable direct materials cost variance B) unfavorable direct materials efficiency variance C) unfavorable direct labor efficiency variance D) unfavorable direct labor cost variance
Which of the following are the three main branches of the federal government?
a. operational; legislative; evaluative b. judicial; evaluative; executive c. legislative; judicial; executive d. evaluative; legislative; judicial