Figure 47-1 Refer to the Accompanying Figure

question 17

Multiple Choice

Figure 47-1 Refer to the accompanying figure. The root of the tooth is made up of the parts labeled:

• A) 4 and 5 only
• B) 3, 4, and 5 only
• C) 1, 2, and 3 only
• D) 1, 2, 3, and 4 only
• E) 1, 2, 3, 4, 5

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Definitions:

Depreciable Asset

An asset that loses value over time due to wear and tear or obsolescence and can have its cost spread out over its useful life for accounting purposes.

Proceeds

The amount of money received from a transaction, sale, or event.

Gain

The increase in the economic value or benefit that an entity receives, usually from the sale of assets or from other transactions exceeding the costs or expenses associated with it.

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.