Choose the Word or Phrase in [ ] Which Will

question 138

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Many people choose a bank based solely on [legal requirements | convenience].

---

Definitions:

Units-Of-Production

A method of depreciation that allocates the cost of an asset over its useful life based on the amount of production or usage.

Units-Of-Production

A depreciation method that allocates an asset's cost based on its usage, output, or production, rather than the passage of time.

Modified Accelerated Cost Recovery System

A method of depreciation applied in the United States that allows for the accelerated write-off of property under the tax code.

Periodic Depreciation Expense

The allocated portion of the cost of a tangible asset over its useful life, recognized as an expense in a specific accounting period.