The Cost of Using a Long-Term Asset (Such as a Vehicle)that

question 66

Multiple Choice

The cost of using a long-term asset (such as a vehicle) that will be used in a business for several years is spread over the asset's useful life.Its annual allocated cost appears on the income statement as a(n) _____ expense.

• A)receivable
• B)inventory
• C)depreciation
• D)variable

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Definitions:

Electoral Votes

Votes cast by members of the Electoral College, determining the outcome of elections for President and Vice President in the United States.

Popular Vote

The total number or percentage of votes cast by the general population in an electoral process.

Winner-take-all

An electoral system in which the candidate receiving the most votes wins all of the available seats or electoral votes, leaving nothing for the losing parties.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President of the United States.