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Select the One Term That Best Fits Each Definition

Question 8

Multiple Choice

Select the one term that best fits each definition
-A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.


A) accelerated depreciation
B) amortization
C) assessed value
D) declining-balance method of depreciation
E) double declining-balance method of depreciation
F) gain
G) gain on plant assets
H) intangible assets
I) loss
J) loss on plant assets
K) personal property
L) plant asset record
M) real property
N) return on investment (ROI)

Correct Answer:

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