Examlex
Which of the following is a component of relationship management?
MACRS Depreciation
A method of accelerated depreciation allowed by the IRS for tax purposes, applicable to tangible assets over their useful lives.
Percentage-Of-Completion Method
An accounting method that recognizes revenue and expenses of long-term contracts as a percentage of work completed during the period.
Completed-Contract Method
This is an accounting method that recognizes revenues and expenses from a long-term contract only when the contract is completed.
Deferred Tax Liability
A tax obligation that is recorded on the balance sheet but not yet due, arising from temporary differences between the accounting and tax treatment of transactions.
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