The Hart-Scott-Rodino Act

question 47

Multiple Choice

The Hart-Scott-Rodino Act

• A) created the Federal Trade Commission.
• B) was passed by Congress in 1914.
• C) extended antitrust legislation to proprietorships and partnerships.
• D) outlawed price discrimination.

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Definitions:

Double-Declining-Balance

A method of accelerated depreciation that doubles the straight-line depreciation rate, reducing the asset's book value more quickly in the early years of its life.

Straight-Line Method

A method of calculating the depreciation of an asset where the asset's cost is evenly spread over its useful life.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since the asset was put into use.

Salvage Value

The calculated residual valuation of an asset at the end of its service life.