After the Early Years of an Asset's Life,accelerated Amortization Methods

question 59

Multiple Choice

After the early years of an asset's life,accelerated amortization methods:

• A)cause an asset to be carried at a higher book value than the straight-line method.
• B)cause an asset to be carried at a lower book value than the straight-line method.
• C)cause an asset to be carried at the same book value as the straight-line method.
• D)cannot be used if the resulting book value will be significantly different from that which would result from using the straight-line method.

---

Definitions:

Time Limit

A specific duration within which an action must be initiated or completed.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.

Verbal Acceptance

An agreement to the terms of an offer conveyed through spoken words rather than written.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has relied on it to their detriment.