Which Term Refers to the Allocation of the Cost of an Asset

question 44

Multiple Choice

Which term refers to the allocation of the cost of an asset over the asset's useful life?

• A)Accrual
• B)Deferral
• C)Depreciation
• D)Expiration

Recognize the significance of the engagement process location and strategies in social work.

Comprehend the importance of cultural sensitivity and non-discrimination in the assessment process.

Differentiate between open and closed-ended questions and their applicability in the engagement phase.

Acknowledge that assessment is an ongoing activity in social work.

---

Definitions:

Profit Margin

A financial ratio expressing the percentage of revenue that remains as profit after all expenses are deducted from sales, indicating the financial health and efficiency of a business.

Construction Industry

The sector of the economy that deals with the construction, maintenance, and repair of buildings, roads, and other physical structures.

Privately Owned Businesses

Businesses that are owned by individuals or private companies and are not traded publicly on stock exchanges.

Entrepreneurship

The act of creating, managing, and scaling a business venture to generate profit while taking on financial risks.