Is the day the note was signed
Is the day the note is due to be paid
Is the date of the first payment
Is the last day of the month
Question 5. Question :
Cardco Inc. has an annual
accounting period which ends on December 31. During the
current year a depreciable asset which cost $42,000 was
purchased on September 2. The asset has a $4,000 estimated
salvage value. The company uses straight-line depreciation
and expects the asset to have a 5 year life. What is the total
depreciation expense for the current year?
$1,900.00
$7,600.00
$2,533.33
$2,800.00
$3,166.67
Question 6.
Question :
A copyright:
Gives its owner the exclusive right to
publish and sell a musical or literary work during the life of
the creator plus 70 years