Sid Has Always Enjoyed Working on His Grandfather's Farm and Tinkering

question 362

Multiple Choice

Sid has always enjoyed working on his grandfather's farm and tinkering with engines in the tractors and the other heavy machinery. If Sid were to take an interest inventory, his interest would most likely be within which theme area?

• A)realistic
• B)enterprising
• C)conventional
• D)investigative

---

Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Double Diminishing-Balance

A method of accelerated depreciation which calculates depreciation at twice the rate of the straight-line depreciation method on the remaining book value each year.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used.

Diminishing-Balance

A method of depreciation that accelerates the rate at which an asset loses value, applying a constant rate to the declining book value each period.