Which of Following Is Not a Similarity in the Accounting

question 6

Multiple Choice

Which of following is not a similarity in the accounting treatment for depreciation and cost depletion?

• A) The estimated life is based on economic or productive life.
• B) Assets subject to either are reported in the same classification on the balance sheet.
• C) The rates may be changed upon revision of the estimated productive life used in the original rate computations.
• D) Both depreciation and depletion are based on time.

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Definitions:

Duration

The amount of time that something lasts or continues.

Pain Relief

The reduction or elimination of pain using various therapies or medications, an essential component of patient care and comfort.

Hypotension

A medical term for low blood pressure, which can result in inadequate blood flow to the organs of the body.

Bradycardia

A slower than normal heart rate, typically defined as fewer than 60 beats per minute in adults.