Which of the Given Nations Would Be High-Income Countries (IACs)

question 80

Multiple Choice

Which of the given nations would be high-income countries (IACs) , according to the World Bank?

• A)country C only
• B)countries B, C, and D
• C)countries B, C, D, and E
• D)countries B and C

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Definitions:

Double-Declining Balance Method

The Double-Declining Balance Method is an accelerated depreciation technique that doubles the rate of straight-line depreciation to allocate a asset's cost more quickly.

Activity Method

A depreciation technique that allocates the cost of an asset over its useful life based on its level of activity, such as units produced or hours used.

Sum-Of-The-Years'-Digits Method

A depreciation technique that accelerates the expense recognition, basing the calculation on a fraction of the sum of the years’ digits of the asset’s life.

Inventory System

A method used by organizations to maintain and manage the goods or materials that they stock, either for sale or for production purposes.