Which of the Following Most Accurately Reflects the Concept of Depreciation

question 4

Multiple Choice

Which of the following most accurately reflects the concept of depreciation as used in accounting?

• A) The process of charging the decline in value of an economic resource to income in the period in which the benefit occurred.
• B) The process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset.
• C) A method of allocating asset cost to an expense account in a manner which closely matches the physical deterioration of the tangible asset involved.
• D) An accounting concept that allocates the portion of an asset used up during the year to the contra asset account for the purpose of properly recording the fair market value of tangible assets.

Understand the impact of workplace spirituality on organizational culture.

Recognize the importance of value-based management in reinforcing organizational culture.

Understand how organizational culture influences employee behavior and attitudes.

Learn the role of non-verbal expressions and language in communicating aspects of corporate life.

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Definitions:

Visual Impact

The visual “first impression” you get when you look at a page.

Business Writing Style

A method of writing in a professional setting that is clear, concise, and focused on delivering specific messages effectively.

Traditional Term Paper

An academic assignment that typically involves research, analysis, and the development of an argument or thesis related to a specific topic, presented in written form.

Prepositions

Words that indicate relationships, for example, with, in, under, at.