What Is Accretion

question 59

Multiple Choice

What is accretion?

• A)the adding of material to an object an atom or molecule at a time
• B)the adding of material to an object by collection of solid particles
• C)the release of gas from rocks as they are heated
• D)the removal of material from asteroids by the bombardment of the solar wind

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Definitions:

Residual Value

The estimated salvage value an asset will have at the end of its useful life.

Manufacturing Equipment

Machinery and tools that are used in the process of producing goods in a manufacturing facility.

Salvage Value

Salvage Value is the estimated residual value of an asset at the end of its useful life, expected to be recovered once the asset is no longer useful in operations.

Straight-Line Method

A method of allocating the cost of an asset evenly across its useful life for accounting and depreciation purposes.