Choose the One Most Appropriate Answer for Each

question 5

Multiple Choice

Choose the one most appropriate answer for each.
-the shortage of land in an area where there is a great demand for land

• A)acre
• B)adaptation
• C)agreement
• D)appurtenance
• E)base line
• F)bench marks
• G)datum
• H)fixity
• I)government survey
• J)improvements
• K)informal references
• L)nonhomogenity
• M)personal property
• N)quadrangle
• O)real estate
• P)recorded plat
• Q)scarcity
• R)situs
• S)vertical land descriptions
• T)water table

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, usually considered for depreciation calculations.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life.

Sales Price

The amount of money charged for a product or service, or the sum that customers are willing to pay for it.

Straight-line Method

A depreciation technique that allocates an equal amount of depreciation expense each year over the useful life of an asset.