Which One of the Following Items Is Not a Consideration

question 249

Multiple Choice

Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets?

• A) Salvage value
• B) Estimated useful life
• C) Cash needed to replace the plant asset
• D) Cost

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Definitions:

Enumerated Powers

Specific powers granted to a government authority, often listed or numbered in a constitution or legislative document.

Congressional Powers

Congressional powers are the legal authorities granted to the United States Congress by the Constitution, including lawmaking, taxation, and oversight functions.

Article II

Often refers to the second Article of the U.S. Constitution, which outlines the executive branch of the government, or may refer to similarly numbered sections of other legal documents.

Execute Laws

The process by which government officials enforce and implement statutes and regulations.