Which of the Following Would Not Be a Basis for Estimating

question 203

Multiple Choice

Which of the following would not be a basis for estimating the useful life of a piece of equipment?

• A)Potential production in units
• B)Potential hours of service
• C)Historical cost
• D)Years of service

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Definitions:

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Wages

Compensation received by employees for services performed, usually based on hours worked or a fixed salary.

Household Workers

Employees who perform domestic service in a home, such as cleaners, maids, and gardeners.

FUTA Tax

A federal tax imposed on employers to fund state workforce agencies and unemployment insurance.