Courts Tend to Consider Three Factors in Determining Whether an Item

question 3

Multiple Choice

Courts tend to consider three factors in determining whether an item is a fixture.Which of the following is not one of those factors?

• A)Attachment
• B)Timing
• C)Adaptation
• D)Intent

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Definitions:

Straight-Line Depreciation

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

Salvage Value

The expected salvage value of an asset at the termination of its useful period.

Depreciated

The reduction in the value of an asset over time due to wear and tear, aging, or obsolescence.

Patent

A government-granted right that gives the holder exclusive control over the production, use, and sale of an invention for a set period.