Which of the Following Statement Is Applicable to the Declining-Balance

question 11

Multiple Choice

Which of the following statement is applicable to the declining-balance method of depreciation?

• A) The expense is constant for the useful life of the asset.
• B) The process is complex because you need to know the carrying amount, residual value and estimated useful life of the asset.
• C) A company subject to political costs is more likely to select this depreciation method.
• D) Assumes that the consumption of the asset is a function of time.
• E) E: None of the given answers.

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Definitions:

Cognitive Theory

A theory focusing on the processes of thought and knowledge, including how individuals understand, reason, and make decisions.

Assumptions

Unverified beliefs or ideas taken for granted without proof in reasoning, argumentation, or calculation.

Organize

To arrange or order things in a structured manner, making them more systematic and accessible.

Infant Care

The practices and routines involved in ensuring the health, safety, and well-being of babies, typically up to one year of age.