Which of the following is correct regarding responsibility centers? a. if a manager is held responsible for generating revenue, controlling costs, and efficiently investing assets, then his division is considered a profit center and an investment center. b. traceable costs, as used in a responsibility accounting system, only consists of variable costs. c. common fixed costs should be allocated to a segment and used to evaluate the segment’s performance. d. responsibility centers are primarily utilized in companies with centralized operations.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000