Harris co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. data relating to one of harris's depreciable assets at december 31, 2015 are as follows:
acquisition year 2013
cost $210,000
residual value 30,000
accumulated depreciation 144,000
estimated useful life 5 years
using the same depreciation method as used in 2013, 2014, and 2015, how much depreciation expense should harris record in 2016 for this asset?
a. $24,000
b. $36,000
c. $42,000
d. $48,000

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u. s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: