Assuming an Asset Has Been Fully Depreciated According to Its

question 76

Multiple Choice

Assuming an asset has been fully depreciated according to its MACRS class life,which one of the following statements is correct?

• A) Its market value is zero.
• B) Its book value is zero.
• C) Its book value is the current market value.
• D) It has neither a book value nor a market value.

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Definitions:

Median

The midpoint in a set of values, such that 50% of the cases in a distribution fall below the median and 50% fall above it.

Mode

The most frequently occurring score in a distribution.

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean, indicating whether the distribution is stretched more to the left or to the right.

Normal Curve

A symmetrical, bell-shaped curve representing a normal distribution of data around the mean.