Harris co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. data relating to one of harris's depreciable assets at december 31, 2015 are as follows:
acquisition year 2013
cost $210,000
residual value 30,000
accumulated depreciation 144,000
estimated useful life 5 years
using the same depreciation method as used in 2013, 2014, and 2015, how much depreciation expense should harris record in 2016 for this asset?
a. $24,000
b. $36,000
c. $42,000
d. $48,000

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)

Which statement defines the term price ?