When Computing Depreciation, the Salvage Value Should Be Ignored (Except

question 5

Multiple Choice

When computing depreciation, the salvage value should be ignored (except that a company should not depreciate below it) if a company uses:

• A)the declining-balance method.
• B)the sum-of-the-years'-digits method.
• C)the units-of-output method.
• D)the straight-line method.

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Definitions:

Schema

A cognitive framework or concept that helps organize and interpret information in the world around us.

Drinking Alcohol

The act of consuming beverages that contain ethanol, which can affect the body and mind in various ways depending on the amount and frequency of consumption.

Explicit Memory

The system for long-term storage of conscious memories that can be verbally described.

Conscious Recollection

The intentional and deliberate remembering of information that one has previously learned or experienced.