An Accountant May Amortize the Expense of a Durable Good

question 25

True/False

An accountant may amortize the expense of a durable good by dividing the total amount spent on the good by the number of years the good is expected to last.An economist may amortize the expense of a durable and never fully account for the total expense.

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Definitions:

Stanford Achievement Test

A standardized test used to assess the academic knowledge of students in grades K-12 across a range of subjects.

Psychological Laboratories

Specialized environments equipped for conducting experimental research, testing, and training in psychology.

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Army Alpha

A historical standardized test developed during World War I to assess the intellectual capabilities of enlisted and drafted men.