The ____________ Is Commonly Used in Financial Applications Because It

question 153

Multiple Choice

The ____________ is commonly used in financial applications because it can store real numbers with a great deal of precision.

• A) string
• B) int
• C) double
• D) decimal

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a company's assets over time.

Trade-In Allowance

The amount deducted from the price of a new item for trading in something old.

Double-Declining Balance Method

An accelerated depreciation method that doubles the normal depreciation rate, reducing the asset's book value more quickly.

Depreciable Cost

The total cost of an asset that is subject to depreciation, typically considering its purchase price less any salvage value.