Which Piece of Information Is NOT Necessary in Order to Compute

question 44

Multiple Choice

Which piece of information is NOT necessary in order to compute straight-line depreciation?

• A) Estimated useful life
• B) Current market value
• C) Estimated salvage value
• D) Cost of the asset

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Definitions:

Shortage

A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.

Equilibrium Price

The financial value where the availability of goods equals consumer demand.

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.

Supply Stays

A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.