Regarding the courts

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1. "A special-purpose machine is to be purchased at a cost of $18,000. The expected annual operating and maintenance cost and the salvage (or market) values for each year of the machine's service are as follows.

Year of service 1; O&M costs $2200; Market value $14,400

Years of service 2; O&M costs $3300; Market value $11,100

Years of service 3; O&M costs $4000; Market value $5,700

Years of service 4; O&M costs $5500; Market value $3,000

Years of service 5; O&M costs $6100; Market value $0

If the interest rate is 13%, what is the economic service life for this machine? Enter your answer as an integer between 1 and 5."

2. Which of the following is incorrect regarding the courts?

a. While a civil dispute is decided on a balance of probabilities, in a criminal prosecution the judge (or judge and jury) must be convinced beyond a reasonable doubt of the guilt of the accused.

b. In-camera hearing are viewable to the public on the applicable court's website.

c. When a crime has been committed, the offence is against the state and the victims of the crime are witnesses at trial.

d. It is possible for a person to be faced with both a civil action and a criminal trial over the same conduct.

Reference no: EM132067095

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