Which Kitchen Appliance Is One of the Most Substantial Consumers

question 33

Multiple Choice

Which kitchen appliance is one of the most substantial consumers of energy in most people's homes?

• A)electric mixers
• B)electric can openers
• C)microwave ovens
• D)refrigerators

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Definitions:

Straight-Line Basis

A method of calculating depreciation or amortization by evenly spreading the cost over the useful life of the asset.

Marginal Tax Rate

The rate of tax applied to your next dollar of income, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Salvage Value

The forecasted sale price for an asset at the termination of its usability period.

MACRS Depreciation

Modified Accelerated Cost Recovery System; a method of depreciation used for tax purposes in the United States that allows for faster expense deductions.