Author Question: Each employer must have an Employer Identification Number (EIN) to show on all tax reports. a. True ... (Read 93 times)

serike

  • Hero Member
  • *****
  • Posts: 542
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
  • ****
  • Posts: 320
Answer to Question 1

True

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

For a complete list of videos, visit our video library