Which of the Following Is NOT an Element of the Fraud

question 133

Multiple Choice

Which of the following is NOT an element of the fraud triangle?

• A) rationalization
• B) opportunity
• C) necessity
• D) financial pressure

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Definitions:

Double-Declining-Balance

An accelerated method of depreciation where the asset's book value is decreased at double the rate of traditional straight-line depreciation.

Scrap Value

The expected financial return on an asset when it is sold after its useful life has ended.

Equipment

Tools or machines required for a specific task or operation, typically in industry, business, or sports.

Straight-Line Method

A method of calculating depreciation of an asset, which divides the difference between its cost and salvage value by the useful life of the asset.