Ivanhoe company purchased a new machine on october 1, 2017, at a cost of $77,980. the company estimated that the machine has a salvage value of $6,860. the machine is expected to be used for 72,900 working hours during its 7-year life. compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a december 31 year-end. (round answers to 0 decimal places, e. g. 5,275.)

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

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