What Color Is Used for the Identification of Wiring Device

question 2

Multiple Choice

What color is used for the identification of wiring device terminals?

• A) red
• B) blue
• C) orange
• D) green

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Definitions:

Group Depreciation

A method of depreciation where a group of assets with similar life spans is depreciated as a single asset.

Depreciable Assets

Assets subject to wear and tear or obsolescence, which are systematically decreased in value over their useful life for accounting purposes.

Alternative Depreciation Method

A depreciation method different from the straight-line depreciation, allowing for a higher depreciation charge in the earlier years of an asset's life.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's economic benefits.