Which of the Following Amortization Methods Calculates Annual Amortization Expense

question 59

Multiple Choice

Which of the following amortization methods calculates annual amortization expense based on an asset's cost minus its residual value?

• A)Deferred amortization
• B)Straight-line
• C)Capital cost allowance
• D)Declining-balance

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Definitions:

Converse

In logic, the converse of a statement is the reversal of its subject and predicate, testing different aspects or implications of the original statement.

Proposition

A declarative sentence or phrase that can be either true or false, expressing a basic statement or assertion.

Contrapositives

In logic, the statement formed by negating and swapping the subject and predicate of the original conditional statement.

Relationship

The approach through which a connection is established between two or more concepts, items, or people, or the fact of being interconnected.