Author Question: Each employer must have an Employer Identification Number (EIN) to show on all tax reports. a. True ... (Read 81 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?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library