Refer to the Information Above

question 1

Multiple Choice

Refer to the information above. Assume that in its financial statements, Victor uses straight-line depreciation and the half-year convention. Depreciation recognized on this equipment in 2009 and 2010 will be:

• A) $40,000 in 2009 and $30,000 in 2010.
• B) $23,333 in 2009 and $30,000 in 2010.
• C) $17,500 in 2009 and $35,000 in 2010.
• D) $20,000 in 2009 and $35,000 in 2010.

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Project Management

The discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals within specified parameters.

Engineering

is the application of scientific, mathematical, and empirical principles to innovate, design, develop, maintain, research, and improve structures, machines, devices, systems, and processes.

Forward-Passing

A project management technique used in network analysis to determine the earliest start and finish times for each activity in a project plan.