Which of the Following Is Not Considered a Secondary Authority

question 45

Multiple Choice

Which of the following is not considered a secondary authority?

• A) Text book.
• B) Tax article.
• C) Tax service.
• D) Private Letter Ruling.
• E) None of the choices are correct.

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Definitions:

Maintenance and Repairs Expense

Costs incurred to keep property, plant, and equipment in operating condition and to fix unexpected breakdowns.

Closing Costs

These are fees and expenses, aside from the price of the property, paid by buyers and sellers when transferring ownership of a property.

Freight-In

The cost of transporting goods into a warehouse or to the buyer, which is typically included in the cost of goods sold.

Component Depreciation

A method of depreciation where different components of a fixed asset, with different useful lives, are depreciated separately.