A Proposition About the Relationship Between Two Variables That Can

question 119

Multiple Choice

A proposition about the relationship between two variables that can be proven false is called:

• A) a hypothesis.
• B) a law.
• C) a theory.
• D) the scientific method.

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Definitions:

Half-Year Convention

The half-year convention is a method in depreciation accounting where an asset is assumed to have been in service for half the year, regardless of when it was actually acquired during the fiscal year.

Incremental Depreciation

The additional depreciation expense recorded when there is a change in the estimated useful life or salvage value of an asset.

Opportunity Costs

The cost of foregone alternatives, representing the benefits one could have received by taking an alternative action.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than their cost to achieve specific financial goals.