If a Bank Pays on a Check Even Though It

question 20

True/False

If a bank pays on a check even though it has a "stop payment order," the bank is liable to the customer only if the customer can prove a loss because of the payment.

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Definitions:

Scrap Value

The estimated residual value of an asset after its useful life has ended.

Camera Unit

A complete devise for capturing photographs or videos, including the body, lens, and potentially other integrated components.

Double-Declining-Balance

Double-declining-balance is an accelerated method of depreciation that doubles the regular depreciation rate, accounting for most of the asset's depreciation in the early years of its life.

Scrap Value

The estimated residual value of an asset at the end of its useful life, often used in calculating depreciation.