How Many Lawyers Does the United States Have in Comparison

question 47

Multiple Choice

How many lawyers does the United States have in comparison to Britain,Germany,and Italy?

• A)The U.S.has twice as many lawyers on a per capita basis.
• B)The U.S.has roughly the same amount of lawyers on a per capita basis.
• C)The U.S.has roughly twice as many lawyers,in terms of total numbers.
• D)The U.S.has roughly five times as many lawyers on a per capita basis.
• E)The U.S.has roughly half as many lawyers on a per capita basis.

---

Definitions:

Depreciation Expense

The portion of the cost of a fixed asset that is recognized as an expense in the income statement over its useful life.

Revalued Upward

Revalued upward is a term used in accounting to indicate an increase in the book value of an asset to reflect its current market value.

Subsequent Depreciation

The allocation of an asset's cost over its useful life, considering any adjustments made following the asset's initial measurement and recognition.

Revaluation Method

A method used to adjust the carrying value of an asset to its current market value on the balance sheet.