Which of the Following Is an Implied Power of the Federal

question 20

Multiple Choice

Which of the following is an implied power of the federal government?

• A)admitting new states
• B)establishing a national speed limit
• C)declaring war
• D)establishing federal courts

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Definitions:

Straight-Line Depreciation

Depreciation method in which the amount taken to depreciation expense each year is constant and equal to 1/n times the depreciable amount, where n is the depreciable life of the asset.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Opportunity Cost

The receipts from the next most valuable forgone alternative when making a decision or choice among many options.