Which of the Following Accounting Methods Is Generally Used to Compute

question 173

Multiple Choice

Which of the following accounting methods is generally 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:

Semanticity

The quality of language that allows it to convey meaning through the use of symbols with agreed-upon interpretations.

Instinct

An innate, typically fixed pattern of behavior in animals that is responsive to specific stimuli and critical for survival.

Memory

The processes by which information is encoded, stored, and retrieved.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, preventing them from seeing potential alternative uses.