Under process costing, the costs incurred by each department are reported in a separate production cost report for each department

_____: property used in trade or business: qualifies for capital gains

Fill in the blank(s) with the appropriate word(s).

Damien, a first-year law student, offers his services to Mr. Jenkins to help draft his will. Mr. Jenkins agrees to Damien's offer, and promises to pay him $400 for his services. Damien completes the draft of the will

But when Damien goes to collect his payment, Mr. Jenkins refuses payment. Damien knew that he had no legal recourse to enforce the contract. What statute had Damien violated in his contract with Mr. Jenkins? A) revenue-raising statute B) regulatory licensing statute C) usury statute D) ratification statute