Gary Is a British Citizen Working for an American Company

question 72

Multiple Choice

Gary is a British citizen working for an American company situated in London.He is a(n) ________.

• A)host-country national
• B)third-country national
• C)repatriate
• D)expatriate
• E)immigrant

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Definitions:

Double-declining-balance

A method of accelerated depreciation calculating a larger depreciation charge in the first year of an asset's life and progressively smaller charges in subsequent years.

Depreciation Expense

The portion of the cost of a fixed asset that is charged as an expense in a particular accounting period, reflecting the asset's usage and wear and tear.

Betterments

Improvements made to a property or asset that increase its value or productivity.

Plant Asset

Plant asset is a long-term physical asset used in the production process of a company, such as machinery, buildings, and equipment.