According to Statistics Canada, the Diversion of Discarded Electronic Items

question 12

Multiple Choice

According to Statistics Canada, the diversion of discarded electronic items away from landfill sites has increased by ___ in two years.

• A) 115 percent
• B) 100 percent
• C) 50 percent
• D) 130 percent

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Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in calculating depreciation.

Adjusting Entry

An accounting record created at the close of an accounting period to distribute expenses and revenue to the correct period.

Straight-Line Depreciation

A technique that distributes the expense of a physical asset evenly over its lifetime in yearly installments.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.