Emir company purchased equipment that cost $110,000 cash on january 1, year 1. the equipment had an expected useful life of six years and an estimated salvage value of $8,000. assuming that emir depreciates its assets under the straight-line method, the amount of depreciation expense appearing on the year 4 income statement and the amount of accumulated depreciation appearing on the december 31, year 4, balance sheet would be:

depreciation expense accumulated depreciation
a. $ 17,000 $ 17,000
b. $ 17,000 $ 68,000
c. $ 68,000 $ 17,000
d. $ 17,000 $ 51,000
multiple choice

option a

option b

option c

option d

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit