What Does LDC Stand For

question 62

Multiple Choice

What does LDC stand for?

• A) linked democracies charter
• B) liberal democracy of China
• C) less developed country
• D) liberated democratic country
• E) last decolonized countries

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Definitions:

Double-declining-balance

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

Salvage Value

The anticipated worth of an asset upon its sale following the conclusion of its useful life.

Useful Life

The estimated period over which a fixed asset is expected to be usable for the purpose it was acquired.

Leasehold Improvements

Enhancements made to a leased property by the lessee, such as additions or modifications, which typically improve the property's value or utility.