What Is Contained in a Credit Report

question 59

Multiple Choice

What is contained in a credit report?

• A)Bankruptcy records
• B)Unpaid child support
• C)Addresses
• D)All of the options are correct.

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Definitions:

Service Potential

This refers to the capacity or ability of a service or asset to provide benefits or usefulness to an entity or its operations.

Land

An economic resource representing natural resources or ground, classified as a fixed asset in accounting, not subject to depreciation.

Declining-Balance Depreciation

A method of accelerated depreciation where an asset loses value by a constant percentage each year over its useful life.

Remodeling Costs

Expenses associated with making improvements or alterations to a building or structure to enhance its value or functionality.