Companies Must Continue to Depreciate or Amortize Long-Term Operating Assets

question 139

True/False

Companies must continue to depreciate or amortize long-term operating assets while holding them for sale or disposal.

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Definitions:

Poultry-processing Facility

A specialized plant or area where poultry is prepared for distribution and sale, involving tasks such as slaughtering, cutting, and packaging.

OSHA Inspector

A professional responsible for enforcing health and safety regulations in workplaces as mandated by the Occupational Safety and Health Administration (OSHA).

Injuries and Illnesses

Refers to physical or mental harm occurring to individuals, particularly in the context of occupational health and safety.

OSH Act

The Occupational Safety and Health Act, a law passed to ensure worker and workplace safety by setting and enforcing standards.