Which of the Following Is True of the Powers Denied

question 2

Multiple Choice

Which of the following is true of the powers denied by the Constitution to the states?​ 

• A) It denies states the power to regulate intrastate commerce.​ 
• B) It denies states the power to conduct elections. 
• C) It denies states the power to establish local governments. 
• D) It denies states the power to enter into treaties. 
• E) It denies states the power to ratify amendments made to the Constitution.

---

Definitions:

Accumulated Depreciation

The cumulative depreciation expense recorded for an asset from the time it was operational, thereby lowering its recorded value in the balance sheet.

Commercial Substance

A concept in accounting that refers to a transaction significantly altering the cash flows of an entity, necessitating its recognition in financial statements.

Double-Declining-Balance Method

A method of accelerated depreciation where an asset's book value is reduced at double the rate of straight-line depreciation.

Useful Life

The estimated duration of time a fixed asset is expected to be economically usable by an entity.