Which of the Following Best Describes the Objective of Depreciation

question 97

Multiple Choice

Which of the following best describes the objective of depreciation?

• A)To allocate the cost of a tangible asset to the periods in which its use contributes to earning revenue.
• B)To estimate the remaining useful life of the asset.
• C)To report the asset on the balance sheet at the estimated amount for which the asset could be sold on the balance sheet date.
• D)To estimate the current market value of the asset.

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Definitions:

Deviant Label

A tag or designation given to individuals or behaviors that deviate from societal norms, often leading to stigma or social exclusion.

Interaction

Interaction involves communication or direct involvement with one or more people, influencing each other's behavior and social outcomes.

Cultural Transmission

The process by which culture, including knowledge, beliefs, and behaviors, is passed from one generation to the next within a society.

Labeling

The process by which individuals or groups are assigned a label that defines them, often leading to societal stigma or stereotyping.