Mauve Is a Diligent Planner

question 103

Multiple Choice

Mauve is a diligent planner.Her hard work over the years has enabled her to maintain a good handle on her finances.She also feels that it is important to stay active.According to MindBase,her motto would be _____.

• A) Live Like You Mean It 
• B) Do the Right Thing 
• C) Ease on Down the Road 
• D) Sense and Sensibility 
• E) An Ounce of Prevention

---

Definitions:

Double-Declining-Balance

A method of accelerated depreciation that doubles the normal depreciation rate, allowing more depreciation in the earlier years of an asset’s life.

Depreciation Expense

The portion of an asset's cost allocated over its useful life to account for its decline in value over time.

Useful Life

The duration over which an asset is expected to be economically viable and useful to the owner.

Depreciation Expense

The systematic allocation of an asset's cost over its useful life, reflecting the consumption or wear and tear of the asset.