Squatters

question 127

Multiple Choice

Squatters

• A) set up farms on unoccupied land.
• B) were corporate charters issued by states as contracts.
• C) strung telegraph lines between poles.
• D) set the dynamite as part of railroad construction crews.
• E) is a derogatory name for the girls who worked in the mill factories.

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Definitions:

Straight-Line

A method of calculating depreciation or amortization by evenly distributing the cost over an asset's useful life.

Double-Declining-Balance

A method of accelerated depreciation where the asset's book value is decreased at double the rate of straight-line depreciation.

Units-Of-Activity

A depreciation method that allocates expense based on the actual usage or activity level of the asset.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life, such as straight-line or declining balance methods.