Which One of the Following Statements Is True

question 97

Multiple Choice

Which one of the following statements is true?

• A)One objective of depreciating an asset is to provide funds for replacement.
• B)GAAP requires the use of either straight-line or declining-balance depreciation.
• C)Straight-line depreciation results in a decreasing rate of return on total assets.
• D)Typically, the sum-of-the-years'-digits method will result in less depreciation expense in the year of acquisition than will the double-declining-balance method.

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Definitions:

Childproof Safety Locks

Safety devices designed to prevent children from opening cabinets, doors, or windows, reducing the risk of accidents or ingesting hazardous substances.

Severe Arthritis

A condition characterized by intense joint pain, stiffness, and swelling, significantly impairing mobility and quality of life.

Medications Containers

Storage solutions designed to hold drugs in various forms safely, including pill bottles, blister packs, and liquid medicine bottles.

Subcutaneous Dose

A method of administering medication by injection into the fat layer beneath the skin.