A Special Bank Check That Allows the Depositor to Withdraw

question 24

Multiple Choice

A special bank check that allows the depositor to withdraw funds from her account only is called a ____ check.

• A) counter
• B) certified
• C) voucher
• D) traveler's
• E) limited

---

Definitions:

Useful Service Life

The estimated period over which a fixed asset is expected to be usable by the company.

Straight-line Method

A depreciation method that allocates an equal amount of depreciation each year over the useful life of an asset.

Depreciable Assets

Assets whose cost is allocated over their useful lives due to usage, wear and tear, or obsolescence.

Annual Depreciation

The portion of an asset's cost that is allocated as an expense each year over its useful life through the process of depreciation.