Which of the Following Accounting Methods Is Usually Used to Compute

question 26

Multiple Choice

Which of the following accounting methods is usually used to compute amortization expense?

• A)declining-balance
• B)units-of-production
• C)straight-line
• D)first-in, first-out

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Definitions:

Eliminating Risk

The process or strategy of removing potential hazards or uncertainties that could negatively impact a project or operation.

Structured Analysis

A methodology used in software engineering for converting business requirements into technical specifications.

Allocated Evenly

The process of distributing resources or items equally across multiple areas or entities.

Contingency

A provision for unforeseen elements or obstacles, allowing for future situations that cannot be predicted with certainty.