Fully depreciated assets ________ , and so any proceeds from sale at disposal are taxable gains
A) always have a market value of zero
B) have a positive book value
C) have a negative market value
D) have a book value of zero
Answer: D
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Due to several recent late spring freezes, orange growers in Florida have lost millions of dollars. As a result, some growers have decided to bulldoze their orange groves and put in freshwater lakes for raising shrimp, a product that has a strong popularity and is more weather-resistant. Former orange growers who are now raising shrimp are pursuing a _____ strategy.
A. market penetration B. product development C. diversification D. market development E. product penetration
Shauna hurt her back and was unable to work. She filed a claim under her disability income insurance policy
Under terms of the policy, a period of time must pass between when the injury occurred and when the insurer begins to replace lost earnings. This time period is called a(n) A) grace period. B) enrollment period. C) probationary period. D) elimination (waiting) period.