If an asset is disposed of when it is fully depreciated and has no residual value, the business does not need to make a journal entry because the book value is zero

Distinguish the following costs as prevention, appraisal, internal failure, or external failure

a) Rework substandard products b) Technical support provided to suppliers c) Warranty repairs and replacements d) Inspection of test equipment e) Liability arising from defective products f) Field testing and appraisal at customer site g) Disposal of defective products What will be an ideal response

Briefly explain residual variation in the product and service requirements of a market segment

What will be an ideal response?