One of the Reasons That Older Adults Do Not Want

question 47

Multiple Choice

One of the reasons that older adults do not want to be absorbed into their children's households is

• A) they will be older than everyone else in the household.
• B) they will be isolated from their friends.
• C) they will feel very helpful and family won't feel like an intrusion.
• D) they are tired of being independent and welcome others' assistance.

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life.

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life.

Residual Value

The estimated salvage value of an asset at the end of its useful life.

Depreciable Cost

The original cost of an asset less its salvage value, representing the total amount that can be depreciated over its useful life.