If a Word Can Have More Than One Meaning,you Must

question 50

True/False

If a word can have more than one meaning,you must specify which meaning you are using,and stick with that meaning.

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Definitions:

Diminishing-Balance

A method of calculating depreciation that results in larger depreciation charges in the early years of an asset's life and smaller charges in the later years.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life to account for the reduction in value due to wear and tear, age, or obsolescence.

Straight-Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Freight Charges

Fees paid for the transportation of goods from one place to another, typically charged by shipping companies.