Which Storm Hazards Can Cause the Most Destruction When a Hurricane

question 46

Multiple Choice

Which storm hazards can cause the most destruction when a hurricane strikes a coastline?

• A)storm surge and strong winds
• B)flooding
• C)mudslides
• D)strong winds

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Definitions:

Personal Property

Property that includes movable items such as furniture, cars, and investments, as opposed to real estate.

200% Declining-Balance Rate

A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.

Mid-Month Convention

A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.