For Income Statement Purposes, Depreciation Is a Variable Expense If

question 79

Multiple Choice

For income statement purposes, depreciation is a variable expense if the depreciation method used is

• A) units-of-production.
• B) straight-line.
• C) sum-of-the-years'-digits.
• D) declining-balance.

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Definitions:

Federal Government

The central government of a country, which holds the primary authority over its subdivisions and is responsible for national policies.

Crop Insurance Programs

Government or private sector initiatives designed to protect farmers against losses due to natural disasters, pests, or drops in market prices.

Agricultural Risk Coverage

A form of crop insurance that pays out if the total revenue generated by all the farmers planting a given crop in a given county falls below a predetermined value.

Price Loss Coverage

A form of crop insurance that pays participating farmers if the market price of their output falls below a predetermined value.