Sebastian Was One of the Many Americans Polled in 2014

question 58

Multiple Choice

Sebastian was one of the many Americans polled in 2014 to assess society's acceptance of interracial marriages. He responded indifferently, saying it "didn't make much of a difference." Sebastian would fall into which of the following categories of people polled?

• A) the minority
• B) the majority
• C) the bottom 33%
• D) Sebastian's opinion cannot be trusted.

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Definitions:

Depreciation Expense

An accounting method allocating the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Expected Useful Life

The estimated length of time a fixed asset will be used in normal operations.

Placed in Service

Refers to the point in time when an asset begins to be used by a business for its intended purpose, marking the start of depreciation.

Asset

Items of value owned by a company, including tangible and intangible resources, that can be converted into cash.