INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 159

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-During the past few years,the number of personal bankruptcies has [increased | decreased].

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Definitions:

Double-Declining-Balance

An accelerated depreciation method that doubles the straight-line depreciation rate, reducing the asset's book value more quickly.

Straight-Line

A method of calculating depreciation of an asset, which allocates an equal amount of depreciation each year over the asset's useful life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal amount per year.