The Telecommunications Act of 1996

question 20

Multiple Choice

The Telecommunications Act of 1996:

• A)removed limits on the number of radio stations that can be owned by one person or group
• B)deregulated rates of many cable systems
• C)allowed telephone companies to enter the cable TV business
• D)mandated that all new TV sets include a V-chip
• E)all of these

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Definitions:

Depreciation Expense

Depreciation expense is the allocated portion of the cost of a tangible asset that is expensed over its useful life, reflecting wear and tear, obsolescence, or loss of value.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.

Accelerated Depreciation

A depreciation method that allows faster write-off of assets in the initial years of asset life.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and put into use.