According to Accounting Standards,the Method of Depreciation Chosen Should

question 4

Multiple Choice

According to accounting standards,the method of depreciation chosen should

• A)measure the change in an asset's value.
• B)be systematic and rational.
• C)allocate the most of the asset's cost to the early periods benefiting from its use.
• D)recognize the reduced usefulness of an asset.

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Definitions:

Liquidation

The process of bringing a business to an end and distributing its assets to claimants, often preceded by insolvency.