Salvage Value Is

question 14

Multiple Choice

Salvage value is:

• A)Not a factor relevant to determining depletion.
• B)A factor relevant to amortizing an intangible asset with an indefinite life.
• C)An estimate of the asset's value at the end of its benefit period.
• D)A factor relevant to determining depreciation under MACRS.
• E)A factor relevant to determining depreciation that cannot be revised during an asset's useful life.

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Definitions:

Nonprogrammed Decisions

Decision-making that occurs in response to unusual, unpredictable, and unique problems or opportunities where there are no previously established decision rules.

Programmed Decisions

Simply implement solutions that have already been determined by past experience as appropriate for the problem at hand.

Routine Problems

Common or regularly occurring issues that require standard methods or strategies for their resolution.

Standard Solutions

Typical or commonly used methods or procedures devised to address a problem or challenge.