Match the Following Terms with Their Definitions

question 18

Multiple Choice

Match the following terms with their definitions.
-Straight-line rate

• A)Residual value not deducted in calculation
• B)Even amount of depreciation expense each year
• C)Depreciation based on usage
• D)Depreciation that has been built up
• E)An allocation of the cost of an asset
• F)Estimated life of asset
• G)Cost minus accumulated depreciation
• H)1 divided by number of years of expected life
• I)A table showing depreciation allocation
• J)Estimated value after AFIC depreciation taken
• K)Result of Tax Reform Act of 1986
• L)Salvage value

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations or variables, used in statistical testing.

ANOVA

Stands for Analysis of Variance, a statistical method used to compare means of three or more samples to understand if at least one of the sample means differs significantly from the others.

Mean Square

A statistical measure used in variance analysis, computed by dividing the sum of squares by the degrees of freedom.

Error

The difference between the observed value and the true value of a parameter in data, indicative of the degree of inaccuracy or deviation.