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:

Identity Achievement

Marcia’s term for the status of individuals who have undergone a crisis and made a commitment.

Moratorium

In developmental psychology, refers to a period of time when an individual delays making decisions or engaging in certain responsibilities, often to explore various identities and alternatives.

Identity Status

A concept related to the development of a strong sense of self, involving various stages such as exploration and commitment to personal beliefs and values.

James Marcia

A psychologist known for developing the theory of identity statuses, focusing on adolescents' exploration and commitment to identity formation.