Listed Below Are Five Terms Followed by a List of Phrases

question 15

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Accelerated methods

• A)Allocation of cost for plant and equipment.
• B)Is a change in accounting estimate.
• C)Results from subsequent year correction of a material error.
• D)Expenditures made to maintain a given level of benefits from an asset.
• E)Generate declining amounts of depreciation over time.

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Definitions:

Pollution Permits

Marketable permits allowing holders to emit a certain amount of pollution, used as a regulatory tool to control environmental impacts.

Corrective Tax

A tax designed to induce private decision-makers to take account of the social costs that arise from a negative externality.

Government

The system or group of people governing an organized community, often a state, with the authority to make and enforce laws, policies, and decisions.

Tradable Pollution Permits

A regulatory system that allows companies to buy or sell allowances for a specific amount of pollution, encouraging reduction in overall emissions.