At Least 240 of the 600 Hours of Fieldwork in CACREP-­‐Accredited

question 33

True/False

At least 240 of the 600 hours of fieldwork in CACREP-­‐accredited programs must be of the direct service type.

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Definitions:

Economic Life

The duration during which an asset remains useful and productive for its intended purpose.

Capital Lease

A lease classified as a financial transaction where the lessee essentially buys an asset and finances it over time.

Straight-Line Method

A depreciation method that allocates an equal amount of the depreciable cost of an asset to each year of the asset's useful life.

Capital Lease

An agreement that grants the lessee the right to use an asset for a long period, typically seen as a purchase by the lessee for accounting purposes.