Avery Sales Purchased Telecom Equipment for $5,000 on November 1,2013

question 144

Multiple Choice

Avery Sales purchased telecom equipment for $5,000 on November 1,2013.It has estimated residual value of $200,and an estimated life of 8 years.If Avery uses straight-line depreciation,how much expense will be recorded in 2013?

• A) $312
• B) $120
• C) $100
• D) $225

Realize the importance of a business plan's elements in securing financing.

Acknowledge the advantages and disadvantages of home-based businesses.

Grasp the criteria for small-business designation and related benefits.

Recognize the support role of the Small Business Administration (SBA) and Small Business Investment Companies (SBICs) in assisting small businesses.

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Definitions:

Obesity

A medical condition characterized by excessive body fat that presents a risk to health.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and selecting an individual for employment based on criteria.

Organizations

Entities comprised of multiple people working together towards common goals or objectives, often structured with specific roles and hierarchies.

Jobs

Specific roles or positions within an organization or industry, characterized by particular duties, responsibilities, and requirements.