According to the Uniform Commercial Code,if a Demand Instrument Is

question 93

Multiple Choice

According to the Uniform Commercial Code,if a demand instrument is a check,the check is overdue ________ after its date.

• A)60 days
• B)90 days
• C)180 days
• D)six months
• E)one year

---

Definitions:

Depletion

The allocation of the cost of natural resources over their useful life, typically used in the mining, timber, petroleum, and similar industries.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period of time reflective of its useful life.

Depreciation

The distribution of a physical asset's cost across its lifespan, representing its diminishing value as time passes.

Accumulated Depreciation

Is the total depreciation of a company's fixed assets up to a specified time, reflecting how much of the asset's value has been used up.