Charlie purchased land containing a large amount of trees for $225,000. he estimates the value of the land without the trees is $25,000 and that the timber is worth $200,000. he also estimates that he can get 1 million board feet of lumber from cutting the trees. in the first year of his endeavor, he cuts 250,000 board feet. assuming charlie uses the cost depletion method, his depletion expense for the year is $.

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.