Written Affirmative Action Plans,submitted to the OFCCP,are Required of Contractors

question 18

Multiple Choice

Written affirmative action plans,submitted to the OFCCP,are required of contractors or
Subcontractors:

• A)with 10 employees and $10,000 in federal contracts
• B)with 25 employees and $25,000 in federal contracts
• C)with 50 employees and $50,000 in federal contracts
• D)with 100 employees and $100,000 in federal contracts
• E)none of the above, all companies doing federal contract work must have written affirmative action plan that is submitted to the OFCCP

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Definitions:

Depreciation Expense

Dividing the expense of a material asset throughout its service life.

Straight-Line Depreciation

A method of depreciating an asset evenly over its useful life, allocating an equal portion of the asset's cost as an expense in each accounting period until it reaches its salvage value.

Depreciable Cost

Depreciable cost is the cost of a fixed asset minus its salvage value, over which the asset's cost can be depreciated over its useful life.

Partial Year

A term referring to a portion of a year, often used in the context of accounting and financial analysis for periods less than 12 months.