The Dentist Requires 1 Hour and 20 Minutes to Prepare

question 38

Multiple Choice

The dentist requires 1 hour and 20 minutes to prepare a tooth for a single crown.The office appointment book is marked in 15-minute increments.How many units of time would need to be reserved for this procedure?

• A)Four units
• B)Five units
• C)Six units
• D)Seven units

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Definitions:

Amortization Expense

The method of incrementally expensing the original value of an intangible asset throughout its period of utility.

Straight-Line Amortization

A method of gradually writing off the nominal value of an intangible asset over its useful life in equal installments.

Business Combination

A transaction or other event in which an acquirer gains control over one or more businesses, possibly resulting in a new entity.

Fair Value Increment

The increase in the recorded cost of an asset over its previously recognized value, often assessed during business combinations to reflect current market valuations.