Which of the Following Is Considered a Durable Good

question 10

Multiple Choice

Which of the following is considered a durable good?

• A)medical care
• B)clothing
• C)food
• D)a washing machine

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Definitions:

T-account

A simplified accounting tool that represents the two sides of every financial transaction as debits and credits.

Property Taxes

Taxes assessed by local governments on real estate and sometimes personal property, based on the property's value.

Factory Insurance

An insurance policy designed to protect manufacturing facilities against losses from events like fire, theft, or natural disaster.

Depreciation

Allocating the expense of a tangible asset across its life of utility in a systematic manner.