While __________ Tariffs Are Levied as a Fixed Charge for Each

question 66

Multiple Choice

While __________ tariffs are levied as a fixed charge for each unit of a good imported,__________ tariffs are levied as a proportion of the value of the imported good.

• A) general; special
• B) ad valorem; special
• C) global; special
• D) specific; ad valorem
• E) predatory; percentage

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Definitions:

Lease Improvements

These are modifications made to rental premises in order to tailor the space to the needs of the tenant.

Straight-Line Method

A method of allocating an asset's cost evenly over its useful life, commonly used in depreciation and amortization calculations.

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.