If an Asset Has a Positive Salvage of $1,000, Exactly

question 84

Multiple Choice

If an asset has a positive salvage of $1,000, exactly equal to UCC, then the lease analysis for an asset alone in its pool will show the following cash flows for that phenomenon.

• A)the salvage is a cost to leasing; there is no terminal loss or gain.
• B)the salvage is a cost of owning, the terminal loss is $1,000.
• C)salvage has no effect on leasing, since it belongs to the owner.
• D)the tax shelter for the terminal gain will be $1,000.

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Definitions:

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The total amount of energy used by an entity, expressed in units such as kilowatt-hours or joules.

Bonferroni Method

A statistical correction technique used to reduce the chances of obtaining false-positive results when performing multiple comparisons.

SPSS Output

The results and statistical reports generated by the SPSS software after analyzing a dataset.