A firm's ending equity equals the firms beginning equity less any change in long-term debt

Concerning depreciation, which of the following statements is least correct:

A: Depreciation is a loss in value irrespective of cause; B: The difference between the value of improvements and their cost of replacement as of the appraisal date is defined as depreciation; C: Depreciation can be computed for the future or from the past; D: Depreciation results from influences inherent within the property itself and cannot result from factors extraneous to the property.

A paint manufacturer's production process is normally distributed with a mean of 100,000 gallons and a standard deviation of 10,000 gallons

Management wants to create an incentive bonus for the production crew when the daily production exceeds the 94th percentile of the distribution. At what level of production should management pay the incentive bonus?