A General Description of the Depreciation Methods Applicable to Major

question 96

Multiple Choice

A general description of the depreciation methods applicable to major classes of depreciable assets

• A) is not a current practice in financial reporting.
• B) is not essential to a fair presentation of financial position.
• C) is needed in financial reporting when company policy differs from income tax policy.
• D) should be included in corporate financial statements or notes thereto.

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Definitions:

Stimulus Discrimination

Stimulus discrimination is the ability to differentiate between distinct but similar stimuli, responding only to the one associated with a reinforcement.

Traffic Light

A signaling device positioned at road intersections, pedestrian crossings, and other locations to control the flow of traffic.

Green Light

A signal to proceed or an indication that a proposed action is acceptable or safe.

Fixed-interval Schedule

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.