Match the Following Terms with Their Definitions

question 57

Multiple Choice

Match the following terms with their definitions.
-Residual value

• A)Residual value not deducted in calculation
• B)Even amount of depreciation expense each year
• C)Depreciation based on usage
• D)Depreciation that has been built up
• E)An allocation of the cost of an asset
• F)Estimated life of asset
• G)Cost minus accumulated depreciation
• H)1 divided by number of years of expected life
• I)A table showing depreciation allocation
• J)Estimated value after AFIC depreciation taken
• K)Result of Tax Reform Act of 1986
• L)Salvage value

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Definitions:

Community Assessment

A comprehensive evaluation of the needs, resources, and issues existing within a defined community.

Household Income

The total amount of money earned by members of a single household, often used to gauge economic status or eligibility for financial assistance programs.

Public Assistance

Governmental programs designed to provide financial aid or services to individuals or families in need.

Educator Role

The responsibility of teaching, training, or providing educational support, often within a specific profession or subject matter.