Cutter enterprises purchased equipment for $72,000 on january 1, 2018. the equipment is expected to have a five-year life and a residual value of $6,000. using the double-declining balance method, depreciation for 2018 and the book value at december 31, 2018, would be: a) $26,400 and $45,600 respectively. b) $28,800 and $43,200 respectively. c) $28,800 and $37,200 respectively. d) $26,400 and $36,600 respectively.

Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

In a chapter 7 bankruptcy, a debtor: