Which of the Following Programs Is Guaranteed to Increase in Value

question 4

Multiple Choice

Which of the following programs is guaranteed to increase in value at the same rate college tuition increases?

• A)College Savings Plan.
• B)Prepaid Tuition Plan.
• C)Uniform Gifts to Minors Act.
• D)Uniform Transfers to Minors Act.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, including revenues, expenses, and net income or loss.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life evenly.

Depreciation

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.

Original Cost

The initial purchase price or cost of acquiring an asset, before any depreciation or amortization.