The Purpose of Recording Depreciation on a Productive Assets Is

question 6

Multiple Choice

The purpose of recording depreciation on a productive assets is to:

• A) reflect the decline in the fair value of the assets each period.
• B) reduce income when the company has an exceptionally profitable year.
• C) be in conformity with the revenue recognition principle.
• D) allocate the original cost of a productive asset to expense over its useful life.

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Definitions:

Extinction

The process through which a previously learned behavior diminishes in frequency or intensity when the reinforcement is no longer presented.

Omission Training

A schedule of reinforcement in which the absence of response leads to reinforcement.

Bank Robbing

The act of illegally entering a bank with the intent to steal money or valuable securities.

Punishment

A consequence that decreases the likelihood of a behavior being repeated, often by introducing an unpleasant outcome following the behavior.