Which One of the Following Items Is NOT a Consideration

question 162

Multiple Choice

Which one of the following items is NOT a consideration when recording periodic depreciation expense on long-lived assets?

• A) residual value
• B) estimated useful life
• C) cash needed to replace the long-lived asset
• D) cost

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Definitions:

Form 10-Q

A quarterly financial report that publicly traded companies must file with the SEC, detailing their financial performance.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financing activities.

Balance Sheets

Financial statements that summarize a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Fraudulent and Unfair Behavior

Involves deceitful practices or dishonest actions against the principles of justice, equity, or rightful dealings.