Bartlett Company purchased equipment on January 1, 2014, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2015, if the straight-line method of depreciation is used, is
A. $78,000
B. $160,000
C. $80,000
D. $156,000
Ans: D. $156,000
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Sal offered Owen a cashier's check for $5,000 on July 1, 2005 in payment of a debt to him. The interest on the loan was 8% and Owen had taken Sal's boat as collateral to secure the debt. Owen refused the tender, claiming that Sal actually owed him $7,000. The dispute was litigated and, on October 1, 2006, a court issued a judgment for Sal, confirming that the amount owed was $5,000. As a result of Sal's tender on July 1 and the court decision
a. Sal owes no interest on the debt after July 1, 2005. b. Owen must pay the court costs c. Owen loses his security interest in the boat. d. All of the above
Because the term-document matrix is often very large and rather sparse, an important optimization step is to reduce the ________ of the matrix
Fill in the blanks with correct word