Whirl a Rock at the End of a String and It

question 90

Multiple Choice

Whirl a rock at the end of a string and it follows a circular path.If the string breaks,the rock tends at first to

• A)continue in a circular path.
• B)follow a straight-line path.
• C)spiral inward.
• D)fall straight downward.

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Definitions:

Long-term Goals

Objectives or plans that are intended to be achieved over an extended period, typically exceeding one year.

Fixed Asset

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Useful Life

The period over which an asset is expected to be used by an entity, or its lifespan for accounting purposes.

Residual Value

The estimated value of a fixed asset at the end of its useful life.