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You and Your Biology Lab Class Take a Field Trip

question 36

Multiple Choice

You and your biology lab class take a field trip to a marine aquarium.Your guide is a marine biologist who studies squids.She explains to your class how squids are able to blend into their environment.She points out that squids have pouches of pigments embedded in their epithelium.The pouches are called


Definitions:

Useful Life

The estimated period of time that an asset is expected to be used by an entity, affecting its depreciation calculation.

Declining-Balance Method

The declining-balance method is an accelerated depreciation technique that applies a constant rate of depreciation to an asset's book value each year, resulting in decreasing depreciation expenses over time.

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Declining-Balance

A method of accelerated asset depreciation where the depreciation expense decreases over time.

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