Data

question 45

Multiple Choice

Data

• A)are always be numeric
• B)are always nonnumeric
• C)are the raw material of statistics
• D)None of these alternatives is correct.

---

Definitions:

Residual Value

The estimated amount that an asset will be worth at the end of its useful life, after deducting any expected costs of disposal.

Straight-Line Method

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

Depreciation Rate

The percentage rate at which an asset decreases in value over a specific period, often used for tax and accounting purposes.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life.