The Fallacy of _______ Is Arguing Either That (1) a Claim

question 55

Multiple Choice

The fallacy of _______ is arguing either that (1) a claim is true because it hasn't been proven false or (2) a claim is false because it hasn't been proven true.

• A) the genetic fallacy
• B) appeal to ignorance
• C) equivocation
• D) slippery slope

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Definitions:

Loss on Disposal

A financial loss that occurs when an asset is sold for less than its carrying amount on the books.

Gain on Disposal

The profit earned from selling a capital asset for more than its book value.

Straight-line Method

A method of calculating depreciation of an asset, dividing the difference between its cost and salvage value by the total number of years it is expected to be in use.

Salvage Value

The expected financial return on an asset at the time of its disposal after its serviceable life has concluded.