Which of the Following Sets of Factors Is Needed to Calculate

question 47

Multiple Choice

Which of the following sets of factors is needed to calculate depreciation on plant and equipment?

• A)the asset's acquisition cost, replacement cost, and its estimated residual value
• B)the estimated residual value of the asset, its replacement cost, and its market value
• C)the asset's replacement cost, its estimated life, and its estimated residual value
• D)the estimated life of the asset, its acquisition cost, and its estimated residual value

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Definitions:

Self-actualization

The act of achieving one's full potential and talents, recognized as an innate motivation or requirement in every individual.

Hierarchy

An arrangement or institution where individuals or sectors are hierarchically positioned above each other based on their level of power or prestige.

Cognitive Needs

Psychological requirements of individuals that drive their desire to acquire knowledge, understanding, and rationality.

Innate Needs

Fundamental psychological or physiological needs that are born with an individual, determining motivations and behaviors.