Which of the Following Statements Is Correct

question 73

Multiple Choice

Which of the following statements is correct?

• A)Companies will change the method of depreciating assets from one year to the next to reflect usage of an asset.
• B)Companies can affect the book value at the end of an asset's life by choosing one method of depreciation over another.
• C)Companies can use one method of depreciation for some of their long-lived productive assets but then use a different method for another group or type of long-lived productive assets.
• D)Companies can minimize an asset's book value in the first year of use by selecting the straight-line depreciation method rather than the double-declining-balance methoD.Different depreciation methods can be chosen for various assets.

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Definitions:

Attributional Explanation

The analysis and reasoning behind attributing specific causes or factors to behaviors and outcomes, explaining why something happened.

Negative Attributions

The tendency to explain one's own or others' behaviors with negative causes, often leading to blame and a pessimistic outlook.

Western Individualism

A cultural value commonly found in Western societies that emphasizes individual freedom, self-expression, and personal independence over collective goals.

Disruptive Mood Dysregulation Disorder

A psychological disorder characterized by severe and recurrent temper outbursts that are disproportionate to the situation and developmentally inappropriate.