Which of the Following Statement Regarding Depreciation Is False

question 32

Multiple Choice

Which of the following statement regarding depreciation is false?

• A) The concept of depreciation is inconsistent with the going concern assumption.
• B) Recognizing depreciation on an asset does not result in an accumulation of cash for replacement of the asset.
• C) The three factors affecting the computation of depreciation include cost, useful life, and residual value.
• D) Accumulated depreciation is reported on the statement of financial position as a deduction from plant assets.

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Definitions:

Food Poisoning

An illness caused by consuming contaminated food or drink with bacteria, viruses, or toxins.

Epidemiologist

A professional who studies the distribution and determinants of health-related states or events in specific populations.

Public Health

The science and practice of protecting and improving the health of people and their communities through education, policy making, and research for disease and injury prevention.

Competencies

The skills, knowledge, and abilities that individuals need to perform specific tasks or roles effectively.