The Rule of Necessity

question 55

Multiple Choice

The rule of necessity:

• A) requires that decisions in formal adjudicative hearings be in writing
• B) requires that decisions in formal adjudicative hearings be in writing and supported by findings and conclusions
• C) requires that decisions in formal adjudicative hearings be in writing and supported by
• D) none of the above

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Definitions:

Units of Production Depreciation

A method of depreciation where the useful life of an asset is based on the number of units it produces.

Fixed Product Cost

Costs associated with production that do not change with the level of output, such as salaries of permanent staff and depreciation of machinery.

Straight Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.