Equipment with a Cost of $160,000, an Estimated Residual Value

question 69

Multiple Choice

Equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is

• A) $11,636
• B) $16,000
• C) $11,000
• D) $8,000

Understand the role and operations of the Securities and Exchange Commission (SEC).

Comprehend the mechanisms of liability and remedies under the Securities Act of 1933.

Recognize the purposes and key provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.

Identify the processes and criteria for securities registration and exemptions.

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Definitions:

Quotas

Pre-determined targets or minimum requirements that must be met within a specified time frame, often used in sales, production, or employment contexts.

Trade Control

regulations and policies that governments implement to control the flow of goods and services across their borders.

Polycentric Staffing Model

The polycentric staffing model calls for the dominant use of host-country nationals throughout the organization.

Human Resources

The department within an organization that focuses on recruitment, management, and direction for the people who work in the organization.