Which of the Following Is Not One of the Basic

question 21

Multiple Choice

Which of the following is not one of the basic questions that must be answered before the amount of depreciation charge can be computed?

• A)What depreciable base is to be used for the asset?
• B)What is the asset's useful life?
• C)What method of cost apportionment is best for this asset?
• D)What product or service is the asset related to?

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Definitions:

Environmental Scanning

The process of systematically collecting information about external factors that could impact an organization's decision-making and strategic planning.

SWOT Analysis

A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.

Internal Sources

Funding or resources generated from within an organization, including retained earnings, sale of assets, or employee skills and knowledge.

Inadequate Employee Skills

The gap between the skills employees have and the skills required for them to effectively perform their job roles.