Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information about Norwood, Inc What amount will Norwood, Inc report as depreciation expense over the 8-year life of

Which of the following, if true, most strongly suggests that TLS should change its organizational structure to a functional approach?

A) TLS currently maintains separate human resource departments in each of its regions. B) Research suggests that product development failures happened because the product developers were isolated from customers. C) TLS earns large streams of revenue from services it offers to schools. D) In the current regional structure, managers complain about having a limited view of organizational goals. E) Sales techniques that work in one region are often much less effective in other regions.

Which of the following factors was most often cited by CFOs as an important influence on debt use?

A) Keeping the confidence of customers and suppliers B) Minimizing bankruptcy costs C) Maintaining financial flexibility D) Benchmarking against similar firms