Under the Clean Air Act, If a Plant Owner Plans

question 298

Multiple Choice

Under the Clean Air Act, if a plant owner plans to build a plant in a "dirty air area" he:

• A) does not need a preconstruction permit from the EPA or the state agency that enforces the Act
• B) needs a preconstruction permit from the EPA or the state agency that enforces the Act
• C) does not need to get any permits until after construction begins
• D) can begin construction with no permit if he pays a fee to the state agency that enforces the Act
• E) none of the other choices are correct

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Definitions:

Group Depreciation

A method of depreciating multiple assets collectively that are similar in nature and have approximately the same expected useful lives.

Business Computer

A computing device specifically designed, acquired, and used to meet the operational requirements of a business.

Double-Declining-Balance

A method of accelerated depreciation that doubles the straight-line depreciation rate, expensing more of the asset's cost closer to the beginning of its useful life.

Depreciation Expense

The allocated reduction in the value of a tangible asset over its useful life, reflecting wear and tear or obsolescence.