Author Question: If the book value of an asset is 12,500 and the accumulated depreciation is 3,500, the original cost ... (Read 118 times)

nmorano1 · **on:** Jul 5, 2018

If the book value of an asset is 12,500 and the accumulated depreciation is 3,500, the original cost of the asset is
a. 16,000.
b. 9,500.
c. 9,000.
d. 7,500.

Question 2

Which of the following ratios is a good measure of the liquidity of a city's resources?

a. cash and investments divided by current liabilities
b. fund balance as a percentage of revenues
c. debt service expenditures as a percentage of revenues
d. sales taxes as a percentage of total taxes