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:

Negligence-Based Action

A legal claim arising from injuries or damages caused by someone's failure to exercise reasonable care or caution.

Privity Of Contract

A principle stating that only the parties involved in a contract have the rights and obligations under that contract.

Market Share Theory

A principle that assigns liability to manufacturers based on their market share of a harmful product when the specific source of harm cannot be identified.

Tortfeasors

Individuals or entities that have committed a tort, which is a civil wrong or injury that can be redressed by awarding damages.