Gains or losses on disposals of assets do not distort periodic income when the group or composite method is used to compute depreciation.

Which of the following is not an important component of an inspection report?

A. Compare the house is conditioned against similar properties B. Projected future budget for repair or remodeling work C. Provide an estimated valuation for the property D. Summarize areas that need or will need repairs

What lot-sizing technique is generally preferred when inventory holding costs are extremely high?

A) lot-for-lot B) EOQ C) POQ D) the Wagner-Whitin algorithm E) All of the above are appropriate for the situation.