Which of the following is a premise of value that is applied to ...

[iveyjurea]

Which of the following is a premise of value that is applied to business valuations?
 
  A) going concern
  B) materiality
  C) substance over form
  D) neutrality

Question 2

Foster Company bought equipment on January 3 of this year for 10,000 . At the time of purchase, the equipment was estimated to have a useful life of nine years and a trade-in value of 1,000 at the end of nine years. Using the straight-line method, the amount of one year's depreciation is
 a. 1,111.
  b. 1,222.
  c. 1,000.
  d. 9,000.
  e. 2,000.

[chinwesucks]

Answer to Question 1

A
Explanation: A) Two premises of value apply to most business valuations: going concern or liquidation.

Answer to Question 2

C

[iveyjurea]

Great answer, keep it coming

[tandmlomax84]

Thanks for the timely response, appreciate it