Which of the Following Statements Regarding Straight-Line Depreciation Is Correct

question 86

Multiple Choice

Which of the following statements regarding straight-line depreciation is correct?

• A)Straight-line depreciation is the most common method of depreciation used in the U.S.for financial reporting,but is not commonly used for taxes.
• B)When the straight-line method is used to compute depreciation,an asset's carrying value remains constant over the life of the asset.
• C)Straight-line depreciation is an approved method to allocate the cost of an asset to expense and it serves as a measure of the physical decline in the asset.
• D)The straight line method of depreciation results in a straight-line increase of depreciation expense over the life of an asset.

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Definitions:

Token Economy

A form of behavior modification that uses tokens or symbols as reinforcement for desired behaviors, which can be exchanged for rewards.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov’s dogs.

Systematic Desensitization

A therapeutic technique used to gradually reduce anxiety or fear towards a particular object or situation by slowly exposing the patient to the fear source while in a state of relaxation.

Token Economy

A behavioral modification technique that involves providing tokens as rewards for desired behaviors, which can later be exchanged for privileges or treats.