What Type of Case May Be Taken on a Contingency

question 2

Multiple Choice

What type of case may be taken on a contingency basis?

• A)tort
• B)domestic
• C)contract
• D)probate
• E)criminal

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Definitions:

Straight-line Rate

A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.

Double Declining-balance

An accelerated method of depreciation where the book value of an asset is reduced at double the rate of its straight-line depreciation.

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.