Which of the Following Is Not a Factor in Computing

question 54

Multiple Choice

Which of the following is not a factor in computing depreciation for a period?

• A) method of cost allocation
• B) service life
• C) present value
• D) residual value

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Definitions:

Market Value

The present rate at which a service or asset may be purchased or sold in the market.

Accounting Records

Documents and books that keep systematic financial data and transactions of a person, company, or entity.

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with their moral or ethical standards.

Civil Prosecution

A legal process initiated by a private party, rather than the state, to seek remedy for a wrong that is believed to have been done to them.