Which One of the Following Statements Is True

question 97

Multiple Choice

Which one of the following statements is true?

• A)One objective of depreciating an asset is to provide funds for replacement.
• B)GAAP requires the use of either straight-line or declining-balance depreciation.
• C)Straight-line depreciation results in a decreasing rate of return on total assets.
• D)Typically, the sum-of-the-years'-digits method will result in less depreciation expense in the year of acquisition than will the double-declining-balance method.

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Definitions:

Alcohol-Related Diseases

Health conditions directly influenced or caused by the excessive consumption of alcohol, such as liver cirrhosis, alcohol use disorder, and certain types of cancer.

OTC Medication Abuse

The misuse of over-the-counter drugs in a manner not intended by the manufacturing company or doctor’s prescription, often leading to health issues.

Trouble Sleeping

A difficulty in falling or staying asleep, which can affect overall health and quality of life.

B Vitamins

A group of water-soluble vitamins that play important roles in cell metabolism and the formation of red blood cells.