Three Categories for Equipment-Based Services Are

question 131

Multiple Choice

Three categories for equipment-based services are

• A) unskilled labor, those operated by relatively unskilled operators, and self-serve.
• B) professionals, those operated by relatively unskilled operators, and automated.
• C) automated (self-serve), those operated by relatively unskilled operators, and those operated by skilled operators.
• D) unskilled labor, skilled labor, and professionals.
• E) those operated by skilled operators, unskilled labor, and professionals.

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Definitions:

Plant Asset

A long-term asset used in the production of goods or services, not expected to be consumed or converted into cash within a year.

Book Value

The worth of an asset as reported in the balance sheet, determined by subtracting any depreciation from the asset's initial cost.

Depreciable Cost

The total amount that an asset’s value can be depreciated over its useful life, excluding salvage value.

Salvage Value

The conjectured remain value of an asset at the end of its productive life.