The two items that must be estimated with respect to a plant asset in order to properly allocate cost to the affected accounting periods are ______________________________ and ______________________________
Fill in the blank(s) with correct word
Salvage value, Useful life
Useful life, salvage value Residual value, Useful life Useful life, residual value
Business
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The seller must agree in writing to extend a loan conditions deadline.
a. true b. false
Business
Some automobile owners will drive faster knowing that they are covered by health and automobile insurance. This behavior creates the problem of ________
A) fraudulent claims B) moral hazard C) adverse selection D) pecuniary purchases
Business