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NEW QUESTION: 1
How are customer workstations evaluated?
A. The Workstation Profiler tool should be run to test each scenario.
B. Workstations must be purchased from Cisco. No other options are supported.
C. As long as the workstation runs Windows, it can display video streams.
D. The specifications must match Cisco recommendations exactly.
Answer: A

NEW QUESTION: 2
Which of the following is/are true about the MACRS?
I. MACRS does not use economic life of an asset while calculating depreciation.
II. Under the MACRS system, the depreciation expense is larger in the early years, leading to lower taxes.
III. Depreciation under MACRS must be calculated using the accelerated depreciation method.
A. I only
B. III only
C. I & II
D. II & III
E. II only
F. I, II & III
Answer: C
Explanation:
Explanation/Reference:
Explanation:
MACRS classifies assets into several classes based on a pre-determined length of time called the
"recovery period." The recovery period, while positively correlated with actual economic life, does not track the economic lives of individual assets precisely. In particular, recovery periods are shorter than actual economic lives, leading to higher depreciation expenses and lower taxes. For long-recovery period classes (>27 years), straight-line depreciation must be used while accelerated methods may be used for shorter life assets.

NEW QUESTION: 3
Which of the following statements about a finance lease is false?
A. The lessee records depreciation or finance cost allowance on the leased asset
B. The lease arrangement represents a form of financing.
C. The lesser capitalizes the net investment in the lease.
D. The lesser records the leased item as an asset.
Answer: D
Explanation:
When a transaction meets the criteria of a finance lease, the lesser removes the leased item from the books and records lease payments receivable regardless of whether the lesser is a manufacturer or dealer. The lessee records and depreciates the leased item under a finance lease.

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