A toy for a child under three years of age that contains parts small enough for the child to
swallow is defective in terms of product liability law.
Indicate whether the statement is true or false
TRUE
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In the context of the product characteristics that can be used to predict and explain the rate of acceptance and diffusion, _____ represents the degree of difficulty involved in understanding and using a new product
a. complexity b. compatibility c. observability d. trialability
On January 1, 2011, Benson, Inc. purchased a machine for $37,200. Benson uses straight-line depreciation and estimates an eight-year useful life and a $1,200 salvage value. On December 31, 2018, Benson cannot locate a buyer for the used machine so it is scrapped. In recording the machine retirement, Benson should reflect:
A. No gain or loss B. A $1,200 gain C. A $1,200 loss D. A $28,800 loss E. None of the above