Which of the following statements regarding terrorism insurance is (are) true? I. There is a federal backstop if terrorism claims are catastrophic. II. Private insurers market terrorism insurance

Thomas Enterprises purchased a depreciable asset on January 1, 2008 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. Balance of accumulated depreciation of this asset at the end of 2009 is

a. $27540 b. $21600 c. $34000 d. $17000 e. $90000

An international airline company can become a conglomerate if it acquired several unrelated businesses such as a hotel chain, an automobile company, or a shopping mall

Indicate whether the statement is true or false