Which of the Following Is a Legitimate Probability Value

question 70

Multiple Choice

Which of the following is a legitimate probability value?

• A)1.67
• B)16/15
• C)-0.23
• D)3/2
• E)0.28

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Definitions:

MACRS Depreciation

Stands for Modified Accelerated Cost Recovery System, which is a method of depreciation in the U.S. that allows for the accelerated write-off of property under certain conditions.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.

Depreciation Schedule

A table that shows the decline in value of an asset over time, which impacts financial and tax reporting.

Corporate Tax Rate

The percentage of a corporation's profit that is paid as tax to the government.