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:

Federal Government

The national government of a federal state, which shares sovereignty with the states or provinces.

Welfare Reform

Changes to the national or local welfare system, often aimed at reducing dependency on government aid and encouraging employment among those able to work.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Minimum Wage

An hourly wage floor set by government that firms must pay their workers.