A Company Should Choose a Depreciation Method That

question 174

Multiple Choice

A company should choose a depreciation method that

• A)best allocates the original cost of the asset to the periods benefited by the use of the asset.
• B)saves the most taxes.
• C)minimizes net income.
• D)shows the highest amount of net income.

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Definitions:

Vicarious Liability

The concept of laying responsibility or blame upon one person for the actions of another.

Intentional Torts

Intentional torts refer to acts committed by an individual with the intention of causing harm to another person, such as assault, battery, and false imprisonment.

Actual Notice

A legal concept indicating that an individual has been directly informed about a matter or event, making them aware of it.

Certified Mail

A postal service offering that provides the sender with a mailing receipt and electronic verification that an article was delivered or that a delivery attempt was made.