Which of the Following Is Not an Example of Bartering

question 93

Multiple Choice

Which of the following is not an example of bartering?

• A) Sue trading candles with Tom for his bread.
• B) Mary paying for her new shoes with her credit card.
• C) John cutting his neighbor's grass in return for his neighbor washing John's car.
• D) Mrs. Smith treating the neighbor children to pizza after they helped clean up her yard.

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Definitions:

Plant Asset

Long-term tangible assets that are used in the operations of a business and are not intended for sale.

Book Value

The value of an asset as recorded on a company's balance sheet, calculated as the cost of an asset minus accumulated depreciation.

Double Declining-balance

An accelerated method of depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation.

Accelerated Depreciation

A method of depreciation used for accounting or income tax purposes that allows higher deductions in the earlier years of the useful life of an asset.