Which of the Following Statements Is Not True

question 82

Multiple Choice

Which of the following statements is not true?

• A)At the end of an asset's life,its book value should equal its residual value.
• B)At the end of an asset's life,the accumulated depreciation should equal the depreciable cost.
• C)At the end of an assets life,the book value would equal zero if there is no residual value.
• D)Assets area not to be depreciated below residual value,except under the double-declining balance method.

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Definitions:

Positive Reinforcer

A stimulus or event that increases the likelihood of a behavior being repeated when it is presented following that behavior.

Information Flow

The movement and exchange of information within and between organizations, systems, or processes.

Inventory System

An organized method for managing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell as well as the management of the finished products that are for sale.

Understocking

The condition of having insufficient inventory to meet demand, leading to potential lost sales and customer dissatisfaction.