Five Students Are Preparing to Take a Mid-Term Exam in Political

question 21

Multiple Choice

Five students are preparing to take a mid-term exam in Political Science.Going in to the exam who would be most likely to suffer from the overconfidence barrier?

• A)This is Ronald's first political science course and first semester of college.
• B)Greg is a junior and a political science major.
• C)Linda is a straight "A" student who is in her 7^th year of college.
• D)Hope is a graduate student taking the course for "fun."
• E)Michele is a sophomore who hasn't missed a class and thinks the professor is interesting.

---

Definitions:

Land Improvements

Enhancements to a piece of land to increase its value or usability, such as landscaping, fencing, and adding utilities, which are subject to depreciation.

Useful Life

The estimated period over which an asset is expected to be used by an entity before it is replaced or becomes obsolete.

Depreciated

The decrease in the value of an asset over time due to wear and tear or obsolescence.

Modified Accelerated Cost Recovery System

A method of depreciation in the U.S. tax code that allows for faster asset depreciation in the early years of the asset's life.