Which Table Has a Factor of 1

question 46

Multiple Choice

Which table has a factor of 1.00000 for 1 period at every interest rate?

• A) Future value of 1
• B) Future value of an annuity of 1
• C) Present value of 1
• D) Present value of an annuity of 1

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Definitions:

Modified Accelerated Cost Recovery System

A method of depreciation applied in the United States that allows for the accelerated write-off of property under the tax code.

Periodic Depreciation Expense

The allocated portion of the cost of a tangible asset over its useful life, recognized as an expense in a specific accounting period.

Double Declining-Balance Method

A method of accelerated depreciation where an asset's value is reduced at double the rate of its straight-line depreciation.

Computer System

An integrated setup of hardware, software, and network components designed to process, manage, and store data.