Which of the Following Is NOT One of the Primary

question 29

Multiple Choice

Which of the following is NOT one of the primary types of intermittent schedules?

• A) fixed interval
• B) variable ratio
• C) continuous ratio
• D) variable interval

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Definitions:

Journal Entry

A record in accounting that logs every financial transaction a business makes, showing which accounts are affected and by how much.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing wear and tear or obsolescence.