What Were Some of the Effects of Building Railroads Was

question 56

Multiple Choice

What were some of the effects of building railroads was

• A) deforestation.
• B) consumed large amounts of land.
• C) vast consumption of lumber.
• D) a and b only
• E) all of the above

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Definitions:

Placed In Service

The point in time when an asset is ready and available for its intended use, often marking the start of depreciation or amortization for accounting purposes.

Depreciable Cost

The total cost of an asset that is subject to depreciation, including purchase price and any additional expenses to bring the asset to its intended use, minus salvage value.

Straight-Line Depreciation

An approach to apportion the value of a tangible asset across its productive years in uniform yearly sums.

Estimated Useful Life

The expected timeframe during which an asset is considered to be useful or productive for its intended purpose.