Identify the Type of Observational Study (Cross-Sectional, Retrospective, Prospective)

question 13

Multiple Choice

Identify the type of observational study (cross-sectional, retrospective, prospective) .
-A researcher plans to obtain data by following those in cancer remission since January of 2005.

• A) Retrospective
• B) Prospective
• C) Cross-sectional
• D) None of these

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Definitions:

Depreciation Expense

The distribution of a physical asset's cost across its lifespan, mirroring its depreciation over time.

Journal Entries

Records of financial transactions in an accounting system, indicating the accounts and amounts affected.

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting what a company expects to recover once the asset is no longer useful.

Useful Life

The estimated duration a fixed asset is expected to be economically usable by a company, affecting depreciation calculations.