Which of the Following Is NOT a Question One Would

question 33

Multiple Choice

Which of the following is NOT a question one would ask when determining whether an object is a fixture?

• A)What was the value of the object?
• B)How much damage,if any,will be caused to the building by its removal?
• C)Has the object been fastened to the building with the intention that it become a part of the building?
• D)What use is to be made of the object?
• E)How securely and permanently is the object attached?

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Definitions:

Equipment

Tools, machinery, or other durable items necessary for the completion of a task or the operation of a business.

Resale Value

The estimated market value of an asset if sold again in the future.

Office Furniture

Desks, chairs, tables, cabinets, and other furnishings used in an office setting to facilitate work and storage.

Double-Declining-Balance

An accelerated method of depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly.