Notice of Removal Should

question 117

Multiple Choice

Notice of removal should

• A) be served with the answer.
• B) state facts in support of state jurisdiction.
• C) state that all defendants have joined in the removal action.
• D) remand the action to state court.

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Definitions:

Declining-Balance Depreciation

A method of accelerated depreciation where an asset loses value by a constant percentage each year over its useful life.

Remodeling Costs

Expenses associated with making improvements or alterations to a building or structure to enhance its value or functionality.

Closing Costs

Expenses, over and above the property cost, that buyers and sellers normally incur to complete a real estate transaction.

Historical Cost Principle

An accounting principle that assets should be recorded and reported at their original purchase cost.