Two Events Are Said to Be Independent When

question 33

Multiple Choice

Two events are said to be independent when

• A)the probability of one event is influenced by the occurrence of the other event.
• B)you do not have knowledge about the occurrence of either event.
• C)the probability of one event is determined by the occurrence of the other event.
• D)the probability of one event is not influenced by the occurrence of the other event.

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Definitions:

Group Depreciation Method

An accounting method that applies a single depreciation rate to a group or pool of assets with similar characteristics and useful lives, instead of depreciating each asset individually.

Depreciation Rate

The percentage rate at which an asset is depreciated across its useful life, essentially spreading its cost over time.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life, after depreciation has been subtracted.