Which of the Following Entries Is Considered a Service Export

question 72

Multiple Choice

Which of the following entries is considered a service export?

• A) Japan buys soybeans from the United States.
• B) China sells iPhones to the United States.
• C) Mexican tourists visit the Grand Canyon.
• D) France sells wine to the United States.

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Definitions:

Resale Value

The estimated market value of an asset if sold again in the future, often considered for vehicles, electronics, and properties.

Office Furniture

Items intended for use in a work environment, such as desks, chairs, and filing cabinets, to facilitate office operations.

Sum-Of-The-Years-Digits

A depreciation method allocating the cost of an asset over its useful life, with more depreciation in earlier years.

Resale Value

The estimated market value at which an asset or property can be sold in the future.