MATCHING Match Each Person with One of the Descriptions Below

question 9

Multiple Choice

MATCHING
Match each person with one of the descriptions below.
-Ellison "Cotton Ed" Smith

• A)was the Republican presidential candidate in 1932
• B)proposed the Share-the-Wealth program
• C)as a law student,found work through the Works Progress Administration
• D)was the Bureau of Indian Affairs commissioner
• E)was the Republican presidential candidate in 1936
• F)was a Congress of Industrial Organizations leader
• G)proposed to pay $200 a month to those over sixty years old who retired and promised to spend the money
• H)was director of an National Youth Administration program
• I)was a "radio priest"
• J)cringed at the thought of Roosevelt running for a fourth term

---

Definitions:

Depreciation Expense

The portion of the total cost of a depreciable asset that is allocated as an expense to the income statement in a given period.

Residual Value

The estimated value of a leased asset at the end of the lease term, or the expected value of an asset after its useful life ends.

Depreciation Rate

The percentage or method used to calculate the decrease in value of an asset over time due to use, wear and tear, or obsolescence.

FIFO Approach

A method of inventory valuation where the first items put into inventory are the first ones to be recorded as sold.