For an Item on a Survey to Be Clear, the Alternatives

question 6

Multiple Choice

For an item on a survey to be clear, the alternatives must be

• A) mutually exclusive
• B) exhaustive
• C) mutually exclusive and exhaustive
• D) either mutually exclusive or exhaustive

---

Definitions:

Salvage Value

The predicted value of an asset on the market at the close of its effective life.

Depreciation Expense

The methodical distribution of a physical asset's expense over its lifespan, indicative of the asset's usage or deterioration.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life as an expense, reflecting wear and tear or obsolescence.

Plant Assets

Long-term tangible assets used in the operation of a business, not expected to be converted into cash within a year, such as buildings and machinery.