Becky Places Five-Year Property in Service During June 2014 Using

question 5

Multiple Choice

Becky places five-year property in service during June 2014 using the half-year convention.Depreciation is $1,500 under the 150% declining balance method and $2,000 under 200% declining balance.Becky uses the 150% declining balance method for regular income tax purposes.What is the amount of Becky's AMT adjustment?

• A)$0
• B)$1,500 positive adjustment
• C)$500 positive adjustment
• D)$500 negative adjustment

Grasp the concept of equivalent units and how they are calculated in a process costing environment.

Recognize the differences and identify the products likely or unlikely to be produced in a process operation.

Understand the computation and importance of overhead allocation in process costing.

Learn about the process cost summary and its components, including equivalent units of production and the calculation of cost per equivalent unit.

---

Definitions:

Binge Eating Disorders

Characterized by recurring episodes of eating significantly more food in a short period than most people would eat under similar circumstances, marked by feelings of lack of control.

Negative Emotions

Feelings that are unpleasant or undesirable, such as sadness, anger, fear, or jealousy.

Affect-As-Information

The theory that suggests people use their current emotional states as information in making judgments and decisions.

Eerie Feeling

A sensation of unease or discomfort often triggered by something unfamiliar or mysterious.