Debt securities classified as available-for-sale securities are carried at amortized cost on the balance sheet

Operations management refers to the direction and control of inputs that transform processes into products and services

Indicate whether the statement is true or false

A corporation is selling an existing asset for $1,700. The asset, when purchased, cost $10,000, was being depreciated under MACRS using a five-year recovery period, and has been depreciated for four full years

If the assumed tax rate is 40 percent on ordinary income and capital gains, the tax effect of this transaction is ________. A) $0 tax liability B) $840 tax liability C) $3,160 tax liability D) $3,160 tax benefit