The Process of Repeatedly Increasing a Value by Some Amount

question 39

Multiple Choice

The process of repeatedly increasing a value by some amount is known as ____.

• A) checking
• B) adding
• C) accumulating
• D) containing

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business, not expected to be converted into cash within a year.

Land Improvements

Enhancements made to a piece of land to increase its value, such as landscaping, fencing, and installing utilities, which are usually depreciated over time.

Financial Statement

A written record that conveys the business activities and the financial performance of a company, including balance sheets, income statements, and cash flow statements.

Depreciation

The methodical distribution of the expense of a physical asset throughout its lifespan, indicating the decrease in its value as time passes.