Local property taxes paid by the homeowner are not deductible on your federal tax return

The amount of an annuity payment depends on all of the following factors EXCEPT

A) the annuitant's age and gender B) the assumed rate of interest C) the length of the payment guarantee D) the insurer's reserves

A method of allocating the cost of a wasting asset (such as a gold mine or an oil well) to expense over the periods during which the value is removed from the property is termed as:

a. amortization b. wastage c. depreciation d. impairment e. depletion