A Dictionary Has the Following Definition for a Word: "A

question 21

Multiple Choice

A dictionary has the following definition for a word: "A tentative explanation that accounts for a set of facts." Which of the following words best fits that definition?

• A) theory
• B) hypothesis
• C) law
• D) experiment
• E) definition

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Definitions:

Double Diminishing-Balance

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

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense over its useful life.

Retroactive Changes

Adjustments made to records, policies, or financial statements that apply to previous periods.