One After the Other,if the Land Is Used for Two

question 8

Multiple Choice

One after the other,if the land is used for two or more different purposes then the type of useage is defined as

• A) Sequential use.
• B) Multiple use.
• C) Conservation.
• D) Restrictive zoning.

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Definitions:

Residual Value

The estimated value that an asset will realize upon its disposal at the end of its useful life.

Depreciation Adjustment

A financial accounting process that allocates the cost of a tangible asset over its useful life to account for the decline in its value.

Assets

Resources owned by a company deemed to have economic value and are expected to provide future benefits to the operations of the company.