Which of the Following Is Not an Amount That Is

question 147

Multiple Choice

Which of the following is not an amount that is needed to calculate straight-line depreciation?

• A)The cost of the asset.
• B)An estimate of the asset's useful economic life to the company.
• C)The estimated amount that the company will receive when it disposes of the asset.
• D)The cost the company will be required to incur to replace the asset.

---

Definitions:

Consumption Spending

Consumption spending refers to the total amount of money spent by households and individuals on goods and services for personal use.

Aggregate Demand Curve

A graphical representation showing the overall demand for all goods and services in an economy at various price levels, typically downward sloping.

Real Gross Domestic Product

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressing the total economic output in constant prices.

U.S. Price Level

The average of current prices for goods and services in the United States, reflecting the purchasing power of the currency and the rate of inflation.