Depreciation Expense for a Period Is Computed by Taking the

question 151

Multiple Choice

Depreciation expense for a period is computed by taking the

• A) original cost of an asset - accumulated depreciation.
• B) depreciable cost ÷ depreciation rate.
• C) cost of the asset ÷ useful life.
• D) market value of the asset ÷ useful life.

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Definitions:

Executive Powers

The authority given to the executive branch of government to implement and enforce laws and policies.

Judiciary

The system of courts that interprets and applies the law in the name of the state, ensuring justice is administered.

Federalists

Federalists were supporters of the ratification of the U.S. Constitution, favoring a strong centralized government, and were part of the first American political party in the late 18th century.

National Government

The political authority that governs an entire nation, typically consisting of executive, legislative, and judicial branches.