Flexible-Benefit Plans Are Also Called ____ Plans

question 47

Multiple Choice

Flexible-benefit plans are also called ____ plans.

• A) standard
• B) employer-sponsored
• C) cash-balance
• D) cafeteria

---

Definitions:

Computing Depreciation

The process of systematically allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.

Units-of-production

A depreciation method that allocates an asset's cost based on its usage, output, or units produced, rather than the passage of time.

Salvage Value

The estimated residual value of an asset at the end of its useful life, after accounting for depreciation or amortization.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.