Depreciation Should Be Discontinued When an Asset Has Been

question 21

Multiple Choice

Depreciation should be discontinued when an asset has been

• A) derecognized or taken out of service.
• B) derecognized or classified as held for sale.
• C) taken out of service.
• D) taken out of service or classified as held for sale.

---

Definitions:

International Business Skills

Competencies and knowledge necessary for effective participation in global markets, including cultural awareness, language proficiency, and international regulatory frameworks.

Expectations-Reality Mismatch

A discrepancy between what was anticipated or hoped for and what actually occurs, often leading to dissatisfaction or reevaluation.

Culture Shock

The feeling of disorientation or discomfort that often comes from encountering a foreign culture or significant changes to one’s usual way of life.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.