Studies Show That There Is an Inverse Relationship Between Education

question 53

True/False

Studies show that there is an inverse relationship between education and playing the lottery,with 54 percent of lottery players earning less than $40,000.

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Definitions:

Book Value

Book value is the net value of a company's assets found on its balance sheet, and it is calculated by subtracting liabilities from the total value of assets.

Double-declining-balance

An accelerated method of depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly.

Salvage Value

The forecasted price an asset will fetch at the time of sale once its period of usefulness is over.

Depreciation Expense

The allocation of the cost of an asset over its useful life to account for declines in value over time.