A company purchased a computer on July 1, 2017 for $50,000. Estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?

During the year, the research staff of Dermoplex, Inc•, devoted Its entire efforts toward developing a skin cancer ointment. All costs that could be attributed directly to the project were accounted for as deferred Charges and classified on the balance sheet as an asset. If the amounts involved are material, the auditor should

a. Express an unmodified opinion with an other-matter paragraph explaining the uncertainty of cost recovery. b. Disclaim an opinion. c. Express an adverse opinion. d. Express an unmodified opinion provided that the uncertainty about ultimate realization of the deferred charges is disclosed in the notes.

When an institution is involved in an investigation on possible rule violations, the Committee on Infractions (a committee of peers drawn from NCAA membership and the public) determines responsibility and assesses penalties.

a. true b. false