A Lien

question 12

Multiple Choice

A lien

• A) usually occurs as a result of the Bank Act.
• B) is necessary only if the debtor has re- acquired possession of the relevant property.
• C) generally lies outside of the scope of provincial personal property security legislation.
• D) almost always arises at common law, rather than under statute.
• E) cannot be enforced unless the debtor previously agreed to that possibility.

Recognize the various methods and rationales for depreciation, amortization, and depletion.

Identify the components and costs included in acquiring assets.

Describe how the purchase costs of lump-sum assets are allocated.

Explain the financial impacts and accounting treatments for repairs and improvements on asset values.

---

Definitions:

Deafferentation

Loss of incoming sensory input, usually due to damage to sensory fibers; also, loss of any afferent input to a structure.

Motor Output

The physical response or movement produced by the nervous system in response to internal or external stimuli.

Phantom Limb Pain

The sensation of pain or discomfort in a limb or body part that has been amputated, often felt as if the limb were still present.