Select the Answer That Correctly Rewrites Each Phrase into a Possessive

question 21

Multiple Choice

Select the answer that correctly rewrites each phrase into a possessive.
-the pulpit of the minister

• A) the minister's pulpit
• B) the ministers' pulpit

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life, providing a consistent annual depreciation expense.

Residual Value

The anticipated salvage value an asset will have after its period of use has ended.

Depreciation Expense

Spreading out the expense of a solid asset over the period it's expected to be used.

Units-Of-Production Method

An accounting method of depreciation that allocates cost based on the actual usage or production levels of the asset.