If the amount of a bond premium on an issued 11%, 4-year, $100,000 bond is $12,928, the semiannual straight-lineamortization of the premium is $1,416

Franchises constitute only a small portion of all retail sales in the United States.

Indicate whether the statement is true or false.

Accumulated Depreciation is increased with a:

a. Debit b. Credit c. Both debit and credit d. Neither debit nor credit