The Time It Takes for the Sun to Return to the Same

question 45

Multiple Choice

The time it takes for the Sun to return to the same place in our sky after the Earth has rotated once is called:

• A) a solar day
• B) a sidereal day
• C) the ante meridian time
• D) a year
• E) an equinox period

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Definitions:

Reversals of Revaluation

An accounting process that negates a previously recorded increase or decrease in the value of an asset to reflect its current market value.

Accumulated Depreciation

The total amount of depreciation expense recorded for an asset over its useful life, reducing its book value on the balance sheet.

Fully Depreciated

Fully Depreciated refers to an asset that has reached the end of its useful life, and its book value is equal to its salvage value in the financial records.

Double Diminishing-Balance

A method of accelerated depreciation which charges depreciation at a higher rate in the early years of an asset's life.