Due to the Implementation of the Troubled Asset Relief Program

question 17

Multiple Choice

Due to the implementation of the Troubled Asset Relief Program and the American Recovery and Reinvestment Act,the Federal budget deficit _____.

• A)doubled
• B)tripled
• C)stayed the same
• D)decreased significantly
• E)quadrupled

Calculate book value at the end of a given period using different depreciation methods.

Apply the concept of estimated scrap value in depreciation calculations.

Differentiate between methods of depreciation for various types of assets.

Understand and apply the Modified Accelerated Cost Recovery System (MACRS) for depreciation.