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Author Question: Each employer must have an Employer Identification Number (EIN) to show on all tax reports. a. True ... (Read 35 times)

serike

  • Hero Member
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  • Posts: 542
on: Jul 5, 2018
Each employer must have an Employer Identification Number (EIN) to show on all tax reports.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Maxine, Inc. bought a machine on January 1, 2012 for 48,000. The machine is expected to last for 8 years, after which it will be worthless. How much accumulated depreciation will Maxine report at December 31, 2012?
 
  A) 48,000
  B) 8,000
  C) 6,000
  D) 0. Accumulated depreciation does not appear on the balance sheet.


Sassygurl126

  • Sr. Member
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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

C


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