ʺSteeringʺ Refers to

question 22

Multiple Choice

ʺSteeringʺ refers to

• A) a government program that pours money into the neediest areas.
• B) the practice by real estate agents of discouraging African Americans from buying or renting in white neighborhoods.
• C) the practice of granting loans to whites more easily than to African Americans.
• D) the pattern of migration from cities to suburbs.

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Definitions:

Intangibles

Assets that do not have physical form, such as patents, trademarks, and goodwill, but are valuable to a business.

Amortized Cost

The accounting method that gradually reduces the book value of an intangible or tangible asset through periodic charges to income.

IFRS

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that outline how financial statements should be prepared and disclosed.

Straight-Line Depreciation

A method of calculating the depreciation of an asset which allocates an equal portion of the asset's cost over each year of its useful life.