How Closely a Device Measures a Certain Reference Value Refers

question 24

Multiple Choice

How closely a device measures a certain reference value refers to what quality?

• A) Capacity
• B) Accuracy
• C) Linearity
• D) Precision

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Definitions:

Estimated Useful Life

The expected period during which an asset is predicted to be usable for the purpose it was acquired.

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life to represent wear and tear over time.

Straight-Line Method

A method of calculating depreciation that spreads the cost of an asset evenly over its useful life.

Gain or Loss

The financial result from selling assets or settling liabilities at amounts different from their carrying amount, showing either a profit (gain) or deficit (loss).