Which Depreciation Convention Is the General Rule for Tangible Personal

question 12

Multiple Choice

Which depreciation convention is the general rule for tangible personal property?

• A)Full-month
• B)Half-year
• C)Mid-month
• D)Mid-quarter
• E)None of the choices are conventions for tangible personal property.

---

Definitions:

Deluxe Product

A high-quality or superior product that is more expensive than other options in the market.

Regular Product

A standard or common product offered by a company that is routinely manufactured or provided.

Direct Materials Purchases Budget

A detailed plan estimating the raw materials that must be purchased to fulfill the production budget and to meet inventory requirements.

Plastic

Synthetic or semi-synthetic organic compounds that are malleable and can be molded into solid objects of diverse shapes.