Match the Terms with the Definitions

question 18

Multiple Choice

Match the terms with the definitions.
-A depreciation method in which the depreciable cost of an asset is allocated equally over the years of the asset's useful life.

• 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

Calculate unit prices and understand their significance in consumer decisions.

Understand the criteria and purposes of class-action lawsuits.

Recognize the purposes of service contracts and their benefits to consumers.

Know the roles of consumer protection agencies, such as the Better Business Bureau.

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Definitions:

Daily Average

The daily average refers to the average quantity or value of something measured over a single day.