Which of the Following Does Not Contribute to an Improved

question 21

Multiple Choice

Which of the following does not contribute to an improved standard of living?

• A)Increases in the amount and quality of available resources
• B)Better technology
• C)Higher prices for the necessities of life
• D)Improvements in the "rules of the game"
• E)Increases in the quality of labor

---

Definitions:

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the amount of value it has lost over time.

Straight-Line Method

A method of allocating the cost of an asset evenly over its useful life for the purposes of depreciation.

Salvage Value

The estimated resale value of an asset at the end of its useful life, considered in depreciation calculations.

Depreciation

The planned apportionment of a tangible asset's cost over the time it is useful.