Match the Terms with the Definitions

question 41

Multiple Choice

Match the terms with the definitions.
-Long-term assets that have no physical substance.

• 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:

Spiral Of Silence

A theory suggesting that people may remain silent on their views when they believe they are in the minority, to avoid social isolation.

Popularity Contest

A competition where success is determined by the level of support or approval from the general public or a specific group of people.

Bandwagon

A phenomenon where the popularity or widespread acceptance of something encourages more people to adopt it, often regardless of their original opinion.

Commercialism

The emphasis on the maximization of profit within businesses and the promotion of the consumption of goods and services.