When a new partner is admitted by making an investment of assets in the partnership and the new partner has to pay a premium for admission, a bonus is divided among the old partners' capital accounts
Indicate whether the statement is true or false
True
Business
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On April 1, 2016, Tessa, Inc. acquired a new machine for $320,000. Its estimated useful life is eight years with an expected salvage value of $32,000. Assuming straight-line depreciation, 2016 depreciation expense is:
What will be an ideal response?
Business
The objective of technological expansion is to achieve economies of scale at the expense of diseconomies of scope.
a. true b. false
Business