Match the Terms with the Definitions

question 32

Multiple Choice

Match the terms with the definitions.
-A depreciation method in which the annual depreciation is determined by multiplying the depreciable cost by a schedule of fractions.

• A)Accelerated Cost Recovery System (ACRS)
• B)accelerated depreciation methods
• C)amortization
• D)trademark
• E)cash equivalent price
• F)long-term assets
• G)copyright
• H)cost
• I)patent
• J)depreciable cost (base)
• K)depreciation
• L)physical depreciation
• M)tangible assets
• N)sum-of-the-years'-digits method
• O)salvage value
• P)property, plant, and equipment

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Definitions:

Self-employment Taxes

Taxes that self-employed individuals must pay, covering Social Security and Medicare contributions.

Above-the-line Deduction

Deductions from gross income that are subtracted to calculate adjusted gross income on a tax return, potentially reducing taxable income.

Inexperienced Followers

Individuals who lack the knowledge, skills, or confidence to perform tasks without significant guidance or direction.

Environmental Influences

Factors or conditions in the surrounding environment that affect an individual's behavior, development, and life outcomes.