On april 13, 2012, neill co. purchased machinery for $168,000. salvage value was estimated to be $7,000. the machinery will be depreciated over ten years using the double-declining balance method.

if depreciation is computed on the basis of the nearest full month, neill should record depreciation expense for 2013 on this machinery of:

a. $29,120.b. $28,560.c. $28,770.d. $29,306.

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Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.