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Time left 3:24:02 Question 29 Office furniture was purchased for $15 000 and its useful life is estimated to be 7 years. The residual value of the furniture is $1000. What is the annual depreciation amount? Not yet answered Marked out of 1.00 F Flag 51000 question O a. Ob. $2000 O c. 514 000 O d. $1400 Question 30 The decision rule for net present value calculations is to invest. Not yet answered Marked out of 1.00 P Flag question O a. If the NPV is above a hurdle level O b. If the NPV is positive O c. In projects with the lowest discount rate O d. In projects with the highest discount rateQuestion 27 Not yet Preparing financial statements on the basis of recognising transactions when they occur is referred to as: answered Marked out of 1.0 P Flag O a. financial accounting. question O b. accrual accounting OC cash accounting O d. management accounting. Question 28 All these statements about the balance sheet are true, except Not yet answered Marked out of 1.00 P Flag question O a. The total of the assets must equal the total of the liabilities plus equity O b. It reflects the accounting equation O c It shows the cash received and cash paid for the period O d. Assets are listed in order of liquidity