The Percentage of Value of an Asset Subtracted Each Year

question 19

Multiple Choice

The percentage of value of an asset subtracted each year until the value becomes zero, to reflect wear and tear on the asset, is called ________.

• A) depreciation
• B) inventory
• C) deductible
• D) reduction

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Definitions:

Important

Signifies something of great significance or value.

Corporate Value

Fundamental beliefs or principles that guide a company’s operations, behaviours, and decision-making processes.

Kindness And Compassion

The quality of being friendly, generous, and considerate, combined with a desire to alleviate suffering.

Emergencies

Sudden, unexpected, and often dangerous situations requiring immediate action.