Which of the following is not necessary in calculating the depreciation expense for the first year for a newly purchased factory forklift?
Select one:
A. Fair market value of the forklift during its useful life
B. Total cost of the forklift at acquisition and the estimated salvage value
C. Depreciation rate
D. Estimated useful life
A. Fair market value of the forklift during its useful life
Business
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The amendments to the Fair Labor Standards Act provide for a training wage for employees less than 20 years of age set at 85 percent of the minimum wage
Indicate whether the statement is true or false
Business
The temporal method of foreign currency translation gains or losses resulting from remeasurement are carried directly to current consolidated income and thus introduces volatility to consolidated earnings
Indicate whether the statement is true or false.
Business