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NEW QUESTION: 1
On June 28, 2001, a business sold for $1,500 a plant asset that cost $5,000. The asset had a 5-year service life, no salvage value, and had been used by the business since January 1, 1998. Straight-line depreciation was used. The fiscal year ends on December 31. What will be the result of selling the plant asset?
A. A $500 loss on the disposal of a plant asset.
B. No gain or loss on the disposal of the plant asset.
C. A $500 gain on the disposal of a plant asset.
Answer: B
Explanation:
The annual depreciation was $1,000 ($5,000 / 5). The book value on June 28 was $1,500
($5,000 - ($1,000 X 3) - ($1,000 X 1/2)). The sales price was equal to the book value; there was no gain or loss.

NEW QUESTION: 2
What is the purpose of the moving price or standard price in the Accounting view in the material master?(Choose two)
A. To display statistical information for the costs in the pricing environment of a sales order
B. To determine the value that is used for the accounting document when posting goods issue
C. To display the average net sales price of this material during the last year
D. To define the value that is used when posting the receivables for a customer ordering this material
Answer: A,B

NEW QUESTION: 3

Refer to the exhibit. A person calls in and starts leaving a voicemail at 12:59:45 AM on a Saturday. What happens to that call to voicemail at 1:00:00 AM?
A. The call disconnects
B. The system plays a prompt that says, "The business is closed now, please, call again later," then immediately disconnects the call.
C. The call continues recording voicemail as usual
D. The call is transferred to the general delivery mailbox.
Answer: B

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