_____ Distinguish Between Right and Wrong; _____ Distinguish Between Right

question 118

Multiple Choice

_____ distinguish between right and wrong; _____ distinguish between right and rude.

• A)Mores; folkways
• B)Taboos; mores
• C)Folkways; mores
• D)Prescriptive norms; proscriptive norms

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life.

Double-declining-balance

A method of accelerated depreciation calculating a larger depreciation charge in the first year of an asset's life and progressively smaller charges in subsequent years.

Depreciation Expense

The portion of the cost of a fixed asset that is charged as an expense in a particular accounting period, reflecting the asset's usage and wear and tear.

Betterments

Improvements made to a property or asset that increase its value or productivity.