When Constructing a Relative Frequency Distribution, If the Data Are

question 26

True/False

When constructing a relative frequency distribution, if the data are discrete, it will always be necessary to develop class boundaries.

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Definitions:

Salvage Value

An estimate of the residual value of an asset at the end of its useful life, after it has been fully depreciated.

Book Value

The net value of a company's assets found on its balance sheet, often calculated as total assets minus intangible assets and liabilities.

Straight-line Method

A method of calculating depreciation which spreads the cost of an asset evenly across its useful life.

Accumulated Depreciation

The cumulative sum of depreciation costs charged to a fixed asset from the time of its purchase.