Which of the Following Most Accurately Reflects the Concept of Depreciation

question 4

Multiple Choice

Which of the following most accurately reflects the concept of depreciation as used in accounting?

• A) The process of charging the decline in value of an economic resource to income in the period in which the benefit occurred.
• B) The process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset.
• C) A method of allocating asset cost to an expense account in a manner which closely matches the physical deterioration of the tangible asset involved.
• D) An accounting concept that allocates the portion of an asset used up during the year to the contra asset account for the purpose of properly recording the fair market value of tangible assets.

Gain knowledge on vehicle instrumentation customization and maintenance techniques.

Understand the basic principles of electrical testing and diagnostics in vehicle systems.

Learn about the operational principles of vehicle electronic devices and their components.

Understand safety precautions for starting and charging systems.

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Definitions:

Do…while Loop

A control flow statement that executes a block of code at least once before checking the given boolean condition at the end of the block.

Even Numbers

Integers that can be exactly divided by two without leaving a remainder. They follow the formula 2n, where n is an integer.

Java

A high-level, class-based, object-oriented programming language designed to have as few implementation dependencies as possible.

Short-circuit Evaluation

A programming technique where the second argument is only evaluated if the first argument does not suffice to determine the value of the expression.