Which of the Following Is the Most Correct Description of Delegated

question 7

Multiple Choice

Which of the following is the most correct description of delegated legislation?

• A)Rules,regulations,by-laws and orders issued pursuant to the authority of an act of parliament.
• B)Rules authorised by the Prime Minister.
• C)Regulations issued by the Minister of State.
• D)Rules published in the Government Gazette.

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Definitions:

Salvage Value

The estimated residual value of an asset after its useful life has ended and it can no longer be used for its originally intended purpose.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting how much of the asset's value has been used up during a specific period.

Useful Life

The estimated period over which an asset is expected to be utilizable or productive before it is fully depreciated.

Straight-Line

A method of calculating depreciation or amortization by evenly distributing the cost over an asset's useful life.