_____ Measures Have the Property That Numerically Equal Distances on the Scale

question 77

Multiple Choice

_____ measures have the property that numerically equal distances on the scale represent equal distances on the dimension being measured.

• A)nominal
• B)ordinal
• C)interval
• D)none of the above

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Definitions:

Salvage Value

The estimated residual value of an asset after its useful life is over.

Straight-Line Method

A method of calculating depreciation of an asset which spreads the cost evenly across the useful life of the asset.

Prior Period Adjustment

Adjustments made to the financial statements to correct errors or inaccuracies from previous periods.

Residual Value

The estimated salvage value an asset will have at the end of its useful life.