Match the Terms with the Definitions

question 89

Multiple Choice

Match the terms with the definitions.
-An accelerated depreciation method in which the book value is multiplied by twice the straight-line rate.

• A)Accelerated Cost Recovery System (ACRS)
• B)intangible assets
• C)Modified Accelerated Cost Recovery System (MACRS)
• D)book value
• E)cash equivalent price
• F)conservatism
• G)straight-line method
• H)tangible assets
• I)depletion
• J)depreciable cost (base)
• K)trade-in allowance (trade value)
• L)double-declining-balance method
• M)functional depreciation
• N)units-of-production method

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Definitions:

Open Mind

The willingness to consider new ideas and perspectives without letting one's own beliefs hinder the process.

Divine Command Theory

The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.

Plato

Ancient Greek philosopher who founded the Academy in Athens, known for his works on philosophy, ethics, and politics, including the theory of Forms.

Socrates

An ancient Greek philosopher known for his contributions to ethics and epistemology, and for employing a method of inquiry and discussion based on asking and answering questions to stimulate critical thinking.