Examlex
Which of the following decision-making models is a prescriptive model?
Depreciation
The process of allocating the cost of a tangible asset over its useful life, recognizing the consumption, wear and tear, or obsolescence of physical or fixed assets used in operations.
Tax Return
A form filed with a government body declaring liability for taxation, containing details of income earned and taxes owed.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, often including a profit and loss statement, balance sheet, and cash flow statement.
Accrual Basis
An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.
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