Recording Depreciation Expense Is Necessary to Allocate the Cost of an Asset

question 126

True/False

Recording depreciation expense is necessary to allocate the cost of an asset over its expected useful life.

---

Definitions:

Resistance

In psychodynamic therapy, when a client finds it difficult or impossible to address certain material; the client’s resistance signals an unconscious conflict, which the therapist then tries to interpret.

Transference

In psychodynamic therapies, the client’s reaction to the therapist as if the therapist were an important person in his or her early development; the client’s feelings and beliefs about this other person are transferred onto the therapist.

Therapist

A professional trained to provide psychological treatment and support to individuals dealing with emotional, behavioral, or mental health issues.

Object Relations Theory

A psychoanalytic theory focusing on the relationships between people, especially between a child and significant others, and how these relationships shape the individual's personality.