Greg's Copy Shop bought equipment for $60,000 on January 1, 2006. Greg estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2007, Greg decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2007?

Which of the following is most likely to be categorized as an external failure cost?

A) the cost of testing a product before shipment B) the cost of machinery maintenance to avoid breakdowns during production C) the cost of lost future sales after a customer finds a defect in a product D) the cost of inspection of materials to be used in production

Which of the following acts as a type of reference material site for users?

A) User-generated content sites B) Branded channels C) Content curation sites D) Community Q&A sites E) Email feed sites