Which of the Following Statements Is True

question 17

Multiple Choice

Which of the following statements is true?

• A) Depreciation allocates the cost of tangible assets over their useful lives.
• B) Depreciation allocates the cost of intangible assets over their useful lives.
• C) Amortization allocates the cost of tangible assets over their useful lives.
• D) The term "depreciation" relates to all long-lived assets whereas "amortization" relates only to intangible

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Definitions:

Continuous Probability

Describes the probability of outcomes within a continuous range of values, rather than discrete outcomes.

Negative Exponential

A type of mathematical function that decreases rapidly from a positive value toward zero, often used to model decay or depreciation processes.

Last-In, First-Served

A method of service or processing where the most recently arrived item or request is dealt with first, opposite to the first-in, first-served principle.

Queue Discipline

The order or method by which queue (wait line) elements are selected for service.