Which One of the Following Items Is Not a Consideration

question 323

Multiple Choice

Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets?

• A) Residual value
• B) Estimated useful life
• C) Cash needed to replace the plant asset
• D) Cost

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Definitions:

Extrinsic Reward

A reward or incentive provided by an external source, such as money, grades, or recognition, to motivate behavior or performance.

Profit Sharing

A company policy of distributing a portion of its net profits to its employees, typically as a motivational tool and a means of fostering a sense of ownership and loyalty.

Start-up Costs

The initial expenses required to start a new business, including costs for legal fees, equipment, inventory, and marketing.

Skill Levels

The degrees of proficiency or competence in performing tasks or jobs, often categorized by beginner, intermediate, and advanced levels.