In the Number 23-10-52, Which Two Digits Are the Secondary

question 43

Multiple Choice

In the number 23-10-52, which two digits are the secondary digits in a terminal digit filing system?

• A) 52
• B) 10
• C) 23
• D) 31

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Definitions:

Double-Declining-Balance

A method of accelerated depreciation that doubles the normal depreciation rate, allowing more depreciation in the earlier years of an asset’s life.

Depreciation Expense

The portion of an asset's cost allocated over its useful life to account for its decline in value over time.

Useful Life

The duration over which an asset is expected to be economically viable and useful to the owner.

Depreciation Expense

The systematic allocation of an asset's cost over its useful life, reflecting the consumption or wear and tear of the asset.