When Using the Outline Format, Where Should You Summarize Your

question 1

Multiple Choice

When using the outline format, where should you summarize your notes?

• A) in the margins
• B) at the top of the page
• C) in the center of the page
• D) at the bottom of the page

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Definitions:

Depreciation Rate

The percentage rate at which an asset is depreciated across its useful life, essentially spreading its cost over time.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life, after depreciation has been subtracted.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to use and wear and tear.