An Ancient Right Based on Church Power Which Allowed a Person

question 51

Multiple Choice

An ancient right based on church power which allowed a person respite from punishment as long as he or she was within the confines of church grounds is called:

• A) refuge
• B) sanctuary
• C) asylum
• D) haven

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Definitions:

Expensed

Expensed is the recognition of a cost as an expense on the income statement in the period in which it is incurred, rather than capitalizing it as part of an asset.

Units-of-production Method

a depreciation technique that allocates the cost of an asset over its useful life based on the number of units it produces.

Straight-line Method

A method of calculating depreciation of an asset, which spreads the cost evenly over its useful life.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life.