Which of the Following Emerged as a Successor to the GATT

question 47

Multiple Choice

Which of the following emerged as a successor to the GATT following the Uruguay Round of GATT negotiations?

• A) International Monetary Fund
• B) World Bank
• C) European Services Forum
• D) World Trade Organization
• E) Association of Southeast Asian Nations

---

Definitions:

Estimated Life

The anticipated duration for which an asset is expected to be functional and economically viable, dictating its depreciation schedule.

Group Depreciation

A depreciation strategy applied to a collection of assets that have similar characteristics and useful lives, simplifying the process of calculating depreciation expenses.

Accumulated Depreciation

This refers to the total amount of a company's asset cost that has been expensed through depreciation over the asset's life, reducing its initial cost on the balance sheet.

Assets Sold

Items or properties a company has disposed of, either by selling, trading, or other means of transfer.