Write the Sentence as a Proportion Using $x$ As the Variable $10$

question 27

Multiple Choice

Write the sentence as a proportion using $x$ as the variable. Solve the proportion to answer the question. 1 is what percent of 5?

• A) \(10\) %
• B) \(20\) %
• C) \(500\) %
• D) \(0.05\) %
• E) \(5\) %

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Definitions:

Major Class of Asset

Represents categories of assets grouped based on their similar financial characteristics, such as cash, inventory, property, etc.

Sum-Of-The-Years'-Digits

A method of depreciation that accelerates the write-off of assets by applying a decreasing fraction to the depreciable amount each year.

Straight-Line Method

A depreciation technique that allocates an equal amount of depreciation expense for an asset each year.

Prospective

Relating to or effective in the future, often used in context with financial statements or models that forecast future performance.