Assuming a useful life of five years, which of the following GAAP methods would most likely result in the most depreciation in the first year?
A) Straight-line
B) MACRS
C) Double declining-balance
D) None of these answers is correct.
Answer: C
Business
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A parcel of land is described using the following metes and bounds description: Starting at a point of beginning located at the southwest corner of Jones Road and Smith Road, thence south 310 feet, thence west 250 feet thence north 275 feet, thence east 200 feet. Would this be a valid description?
A. Yes, it starts at a point of beginning. B. Yes, it contains direction and distances. C. No, it fails to return to the point of beginning. D. No, it fails to locate the point of beginning (P.O.B)
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The Chinese language poses special difficulties when it comes to homonyms
Indicate whether the statement is true or false.
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