When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $47,000 and its estimated residual value is $2,000. After 3 years of straight-line depreciation, the asset’s total estimated useful life was revised from 12 years to 10 years and there was no change in the estimated residual value.
Required:
1. The Depreciation Expense in year 4 is .
a. $7$7
b. $4,225
c. $4,821
d. $4,500

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false