Project U-STARS-PLUS

question 8

Multiple Choice

Project U-STARS-PLUS

• A) is a preschool program for young children who are gifted.
• B) is a science based enrichment program for high school students.
• C) helps to identify young children with outstanding potential through teacher's knowledge of their students.
• D) is a cluster grouping program for middle school science.

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Definitions:

MACRS Depreciation

The Modified Accelerated Cost Recovery System is a method of depreciation for tax purposes in the United States, allowing for faster depreciation of assets in the early years.

Double-Declining-Balance

A method of accelerated depreciation which computes depreciation at twice the straight-line rate, applied to a decreasing book value each year.

Footnote Disclosure

Additional information provided at the bottom of financial statements, explaining the numbers or policies above.

Cumulative Effect Change

The aggregate change in a company's earnings resulting from a change in accounting principle, reported in the period in which the change is made.