A $60,000 outlay for a new machine with a usable life of 15 years is an operating expenditure that would appear as a current asset on a firm's balance sheet

A homeowner in a recently built subdivision plans to build an extra bedroom extending from the back of the house. Nobody in the subdivision has added on to their houses in a similar manner yet. What would the homeowner need to obtain before he could begin work on this project?

A. Building permit B. Certificate of occupancy C. Conforming use permit D. Variance

No load funds do charge commission on the amount invested

Indicate whether the statement is true or false