A voidable contract is a contract that gives one of the parties the option of withdrawing from the agreement

Recaptured depreciation and terminal loss occur when:

A) a business terminates an asset pool. B) all assets are depreciated over five years. C) straight-line depreciation percentages are doubled. D) depreciable percentages decline throughout the asset's class life.

The units-of-production method is used to compute depletion expense

Indicate whether the statement is true or false