Match the Terms with the Definitions

question 1

Multiple Choice

Match the terms with the definitions.
-If one asset is traded in on the purchase of another similar asset, an allowance may be granted.

• 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:

General Beliefs

Widely held opinions or convictions concerning various topics or principles.

Bargaining Unit

A cohort of workers, characterized by mutual interests, and represented by one labor union in discussions for collective agreements.

NLRB

The National Labor Relations Board, a US federal agency tasked with enforcing US labor law in relation to collective bargaining and unfair labor practices.

Community of Interests

A group whose members share common concerns, goals, or backgrounds, especially within a professional or societal context.