Abc corp. sold two assets on march 20th of the current year. the first was machinery with an original basis of $51,000, currently in the fourth year of depreciation, and under the halfyear convention. the second was furniture with an original basis of $16,000 placed in service during the fourth quarter, currently in the third year of depreciation, and under the midquarter convention. what is abc's depreciation expense for the current year if the depreciation recovery period for both assets is 7-years?

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.