Convert to a Percent $$3.53 \frac { 1 } { 2 }$$

question 15

Multiple Choice

Convert to a percent: $$3.53 \frac { 1 } { 2 }$$

• A) 3.535%
• B) 35.35%
• C) 353.5%
• D) .03535%

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Definitions:

Capital Expenditures

Capital employed by a business for the purchase or improvement of tangible assets like land, factories, or machinery.

Double-Declining-Balance

A method of accelerated depreciation in which an asset's book value is reduced by twice the rate of straight-line depreciation.

Straight-Line Rate

The Straight-Line Rate refers to a method of calculating depreciation or amortization by evenly allocating the cost of an asset minus its salvage value over its useful life.

Depreciation Method

A systematic approach to allocating the cost of a tangible asset over its useful life.