Many companies use MACRS (Modified Accelerated Cost Recovery System) depreciation for
a. financial reporting purposes and a different method for tax purposes.
b. financial reporting purposes because depreciation is not allowed for tax purposes.
c. tax purposes because it results in a larger net income in the early years of a plant asset's life
d. tax purposes because of a desire to report higher expenses in early years in order to pay lower taxes.
d
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The two most basic policies associated with employment stability are:
A) job enrichment and job enlargement. B) employment for life and guaranteed minimum wage. C) follow demand exactly and hold employment constant. D) incentive plans and piece-rate plans. E) full-time and part-time.
All of the following are primary purposes of a database management system (DBMS) EXCEPT:
A) creating data. B) updating data. C) storing data. D) providing an integrated development environment.