Which of the Following Statements Is Incorrect

question 35

Multiple Choice

Which of the following statements is incorrect?

• A)Ordinary repairs and maintenance decrease net income.
• B)Capital expenditures decrease assets.
• C)Ordinary repairs and maintenance are recurring in nature.
• D)Additions and improvements to a depreciable asset occur infrequently.

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Definitions:

Cerebrum

The Cerebrum is the largest part of the brain, encompassing areas involved in sensory processing, voluntary movements, learning, memory, and complex cognitive processes.

Corpus Callosum

The corpus callosum is a thick band of nerve fibers that divides the cerebral cortex lobes into left and right hemispheres, facilitating communication between the two sides of the brain.

Hippocampus

A region of the brain that is associated with memory formation and spatial navigation.

Cerebral Cortex

The outer layer of the brain's cerebrum, responsible for higher brain functions including sensation, voluntary muscle movement, thought, reasoning, and memory.