Title VII Applies to Employers With

question 9

Multiple Choice

Title VII applies to employers with:

• A) any number of workers
• B) five or more workers
• C) ten or more workers
• D) fifteen or more workers
• E) fifty or more workers

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value on the balance sheet.

Disposed

Refers to the act of selling, transferring, or getting rid of an asset or property owned by an individual or company.

Gain

The increase in value of an asset or decrease in liabilities resulting in an increase in owners' equity, except those relating to contributions from owners.

Fully Depreciated

The status of an asset whose entire cost has been expensed and has reached the end of its useful life according to accounting standards.