WahoosWin Corporation estimates the life of its building to be 30 years. It originally cost $300,000 and was given a residual value of $30,000. Depreciation expense per year should be:

In which of the following situations would the buyer not be entitled to a return of his earnest money deposit?

A. The sale is contingent on the buyer receiving financing but no lender will provide a loan B. The buyer is unable to sell his previous home in time to satisfy the contingency C. The home inspector finds that the house is infested with termites and the buyer is unwilling to waive the inspection contingency D. The buyer is transferred by his employer to a new position in a different city, and must withdraw from the transaction

The Fly American Act is an example of a nontariff barrier

Indicate whether the statement is true or false