Which of the Following Can Create an Easement

question 25

Multiple Choice

Which of the following can create an easement?

• A)the right to exclusive occupation of a building for 25 years
• B)permission from your neighbour to hold a garage sale in his yard
• C)the right to use your neighbour's driveway to reach the garage on your property
• D)the right to go onto your neighbour's property to extract coal
• E)all of the above

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Definitions:

Depreciation Expense

A measure of the wearing out, consumption, or other loss of value of a depreciable asset arising from use, effluxion of time, or obsolescence through technology and market changes.

Allocation of Cost

The process of assigning a cost or group of costs to one or more cost objectives, such as projects, functions, or departments.

Straight-Line Depreciation

An arrangement for apportioning the financial burden of a tangible asset equally over its viable years.

Residual Value

The projected value remaining for an asset at the conclusion of its operational lifespan.