Using a Random Number Table, Walters Identified a Series of 50

question 14

Multiple Choice

  Using a random number table, Walters identified a series of 50 numbers and located the corresponding employee identification number to select time cards for examination.

• A)unrestricted random (UR)
• B)systematic random (SR)
• C)haphazard (H)
• D)block (B)

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Definitions:

CCA Class

Capital Cost Allowance Class; categories used in Canadian tax law to determine the depreciation rate for tax purposes on tangible and intangible assets.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life to account for the decline in its value over time.

Fixed Assets

Durable physical assets owned and utilized by a company in its operations for the purpose of producing revenue.

Erosion

The gradual reduction or depletion of an asset's value, often due to competitive market forces or the introduction of new products.