Which of the Following Is Not an Amount That Is

question 57

Multiple Choice

Which of the following is not an amount that is needed to calculate straight-line amortization?

• A)The cost of the asset.
• B)An estimate of the asset's useful economic life to the company.
• C)The amount that the company will get when it disposes of the asset.
• D)The cost the company will be required to incur to replace the asset.

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Definitions:

Governmental Purchases

Expenditures made by the government for goods and services that are used to provide public services.

Domestic Output

The total value of all goods and services produced within a country's borders in a given time period.

Transfer Payments

Payments made by governments to individuals or other entities without requiring a good or service in return, such as welfare or social security payments.

Government Purchases

Expenditures by the government sector on final goods and services in a given period.