Average Tenure = _____

question 61

Multiple Choice

Average tenure = _____.

• A) average years of service for all employees divided by the number of full-time equivalents
• B) number of full-time equivalents divided by the average years of service for all employees
• C) number of full-time equivalents divided by the total years of service for all employees
• D) total years of service for all employees divided by the number of Full Time Equivalents

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Definitions:

Service Life

The expected period during which an asset is considered usable and economically feasible for its intended purpose.

Depreciable Base

The cost of an asset minus its estimated salvage value, representing the total amount subject to depreciation over its useful life.

Selling Price

The amount of money for which a product or service is sold to the consumer.

Units-Of-Production Depreciation

A depreciation method that allocates expense based on the actual usage or production of an asset.