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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 3064 |
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What would be the amount of the amortization expense for the fiscal year ended December 31, 2007?
a. $14,400
b. $20,000
c. $24,000
d. $100,000
e. None of the above.
2. Refer to the information provided in question 1 regarding the piece of equipment that was purchased on January 2, 2005. What would be the net book value of the equipment (NBV) reported on the year end December 31, 2006 balance sheet?
a...
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What would be the net book value of the equipment (NBV) reported on the year end December 31, 2006 balance sheet?
a. $21,600
b. $24,000
c. $36,000
d. $100,000
e. None of the above.
3. On January 3, 2000 Exam Inc. purchased a piece of equipment for $100,000. Management estimated the equipment would have a useful life of ten years and amortized the equipment using the straight-line method...
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