Construction of a Qualifying Asset Is Started on April 1

question 39

Multiple Choice

Construction of a qualifying asset is started on April 1 and finished on December 1. The fraction used to multiply an expenditure made on April 1 to find weighted-average accumulated expenditures is

• A) 8 ÷ 8.
• B) 8 ÷ 12.
• C) 9 ÷ 12.
• D) 11 ÷ 12.

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Definitions:

Semantic Differential Scale

A scale anchored at opposite ends by opposing words such as “strong–weak” or “hot–cold.”

Freshman

A student in the first year of high school, college, or university education.

Ordinal

Pertains to a classification of data where the order of the values is significant, but the distance between values is not uniform.

Nominal

A measurement scale used to categorize data without implying any order or quantitative value among the categories.