Examlex

Solved

MacDonald Says That If You Are Asked the Question, "Where

question 11

Multiple Choice

MacDonald says that if you are asked the question, "Where did you meet Bernard Shaw?" and you answer, "In a dream," then your answer would be silly because ...


Definitions:

Straight-Line

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Discontinued Item

A component of a company's operations that has been disposed of or is held for sale, and its earnings are separated out on the income statement.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes in the United States that allows faster write-offs of assets.

Straight-Line

A method of calculating depreciation of an asset, which allocates an equal amount of depreciation to each year of the asset's useful life.

Related Questions