A Descent Group Consists of a Married Couple and Their

question 50

True/False

A descent group consists of a married couple and their children.

---

Definitions:

Units-Of-Activity Method

A method of depreciation that provides for depreciation expense based on each unit of activity of a fixed asset.

Depreciable Cost

The total cost of a tangible asset minus its estimated salvage value, representing the amount subject to depreciation over the asset's useful life.

Estimated Output

The anticipated quantity of products or services that a business expects to produce over a certain period.

Initial Cost

The original cost of acquiring an asset, including the cost of purchase and other expenses necessary to get the asset ready for its intended use.