Depreciation

question 20

Multiple Choice

Depreciation

• A)Should only be used if the asset will depreciate in value.
• B)Is used instead of tracking maintenance expense.
• C)Is calculated on all assets,even land.
• D)Is the accounting process of allocating and deducting the cost of an asset over a period of years.

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Definitions:

Matrilineal Descent

A system of lineage and inheritance through the female line.

Exclusive Authority

The power or right of an entity to govern or rule without any interference from others.

African Captives

Individuals from Africa who were forcibly taken from their homeland and sold into slavery, predominantly between the 16th and 19th centuries.

18th Century

The period ranging from January 1, 1701, to December 31, 1800, in accordance with the Gregorian calendar, marked by significant developments in various fields like science, politics, and art.