In Accounting for Tangible Operational Assets, the Continuity Assumption Is

question 137

Multiple Choice

In accounting for tangible operational assets, the continuity assumption is important because of which of the following?

• A) It helps a company decide whether to use straight-line depreciation or an accelerated depreciation method.
• B) It justifies depreciating the asset over its expected useful life, without anticipating that the business will liquidate in the near future.
• C) It provides justification for including residual values in calculating depreciation.
• D) It is consistent with maintaining assets in the accounting records at market value rather than acquisition cost.

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Definitions:

Base-Pairing Rules

The base-pairing rules describe how nucleotides form pairs in DNA and RNA through hydrogen bonding: adenine pairs with thymine (uracil in RNA) and cytosine pairs with guanine.

A-T

Adenine-Thymine, a base pair in DNA where adenine (A) pairs with thymine (T) through hydrogen bonds, crucial for the structure of DNA.

Okazaki Fragments

Short segments of DNA synthesized on the lagging strand during DNA replication, eventually joined together to form a continuous strand.