The Decrease in the Value of the Capital That Results

question 99

Multiple Choice

The decrease in the value of the capital that results from its use and obsolescence is

• A)depreciation.
• B)deconstruction.
• C)gross investment.
• D)appreciation.
• E)net investment.

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Definitions:

Sales Taxes

Taxes imposed by governments on the sale of goods and services.

Journal Entry

A record in accounting that notes transactions and changes in financial statements.

Net Pay

The amount of money an employee takes home after all deductions, such as taxes and benefits, are taken out of their gross salary.

FICA Tax

Federal Insurance Contributions Act tax; a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare.