According to the Tenth Amendment,"the Powers Not Delegated to the United

question 84

Multiple Choice

According to the Tenth Amendment,"the powers not delegated to the United States,by the Constitution,nor prohibited by it to the states,are reserved to the states respectively or to the people." This principle is:

• A) separation of powers.
• B) supremacy.
• C) preemption.
• D) federalism.

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Definitions:

Gain or Loss

The difference between the sale price of an asset and its original purchase price, indicating the financial outcome of a transaction.

Service Potential

This refers to the capacity or ability of a service or asset to provide benefits or usefulness to an entity or its operations.

Land

An economic resource representing natural resources or ground, classified as a fixed asset in accounting, not subject to depreciation.

Declining-Balance Depreciation

A method of accelerated depreciation where an asset loses value by a constant percentage each year over its useful life.