Which of the Following Is the Best Opening for an Adjustment

question 98

Multiple Choice

Which of the following is the best opening for an adjustment message?

• A) We appreciate your message of March 2 wherein you let us know what happened while dining with us last month.
• B) We have credited your account for $24 to refund your dining bill.
• C) We are so sorry that you had a bad experience while dining with us last month.
• D) Although we generally don't offer refunds, we're willing to make an exception in this case.

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Definitions:

Ordinary Repairs

Expenditures to maintain an asset in its normal operating condition without significantly extending its useful life or altering its capacity.

Double-declining-balance Method

An accelerated method of depreciation that counts as an expense twice the straight-line depreciation rate for the declining book value of the asset each year.

Straight-line Method

A method of depreciation that distributes a consistent depreciation expense for an asset throughout its lifetime.

Salvage Value

The estimated residual value of an asset at the end of its useful life, determining how much the asset can be sold for after it is no longer useful for its intended purpose.