Lyle and Nora Are in Their Early Seventies and Live

question 87

Multiple Choice

Lyle and Nora are in their early seventies and live in their own home.If they are typical of Western older adults in their relationship with their adult children,Lyle and Nora probably __________.

• A) accept emotional support and a high level of physical assistance
• B) seek their children's assistance for daily living activities
• C) give more than they receive in financial and practical assistance
• D) accept physical assistance and financial support from their children

---

Definitions:

Sum-Of-The-Years-Digits

A depreciation method that results in a more accelerated write-off of the asset, calculated by adding together the digits of the asset's useful life years.

MACRS Tables

The Modified Accelerated Cost Recovery System tables used in the United States for tax purposes to determine the depreciation of assets over time.

Allowable Depreciation

The allowable tax deduction for the reduction in value of a tangible asset over its useful life, as determined by tax regulations.

MACRS Tables

Depreciation schedules in the Modified Accelerated Cost Recovery System allowing for faster asset depreciation in the earlier years of the asset's life.