Which of the Following Amortization Methods Ignore Residual Value in the Calculation

question 70

Multiple Choice

Which of the following amortization methods ignore residual value in the calculation of the annual depreciation expense?

• A)double-declining-balance and capital cost allowance
• B)straight-line and double-declining-balance
• C)straight-line and capital cost allowance
• D)present value and straight-line

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Definitions:

African Slaves

Individuals of African descent who were forcibly brought to the Americas and subjected to a life of servitude and exploitation, primarily in the agricultural economies of the colonies and the U.S. South.

European Society

Refers to the social structure, norms, and cultural practices prevalent within European countries.

Rigid Class Lines

A structured social system where social mobility is difficult or impossible, often determined by birth or wealth.

Personal Independence

The state of having the autonomy and freedom to make one's own choices and decisions without undue influence from others.