Attributes Are Characteristics That ______

question 52

Multiple Choice

Attributes are characteristics that ______.

• A)are counted using whole numbers
• B)are presented with decimal values
• C)are always ratio type of data
• D)are usually independent variables

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Definitions:

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Total Depreciation Expense

The cumulative amount of an asset's cost that has been allocated as expense due to wear and tear over its useful life.

Land Improvements

Enhancements to a plot of land such as landscaping, parking lots, and underground utilities that increase the property's value.

Market Value

The current price at which an asset or service can be bought or sold in a competitive marketplace.