Stiller Company Owns a Machine That Was Bought on January

question 52

Multiple Choice

Stiller Company owns a machine that was bought on January 2,2011,for $376,000.The machine was estimated to have a useful life of five years and a salvage value of $24,000.Stiller uses the sum-of-the-years'-digits method of depreciation.At the beginning of 2014,Stiller determined that the useful life of the machine should have been four years and the salvage value $35,200.For the year 2014,Stiller should record depreciation expense on this machine of

• A) $19,200.
• B) $44,400.
• C) $59,200.
• D) $70,400.

Understand the importance of marketing research for small businesses and its role in responding to competition and changing conditions.

Differentiate between internal and external influences on consumer behavior.

Understand the concept of primary, secondary, and tertiary data within marketing research.

Comprehend the role of marketing research in product development and future planning.