If Disposal of a Plant Asset Occurs During the Year

question 109

Multiple Choice

If disposal of a plant asset occurs during the year depreciation is

• A) not recorded for the year.
• B) recorded for the whole year.
• C) recorded for the fraction of the year to the date of the disposal.
• D) not recorded if the asset is scrapped.

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Definitions:

Dark Adaptation

The process by which the eyes become more sensitive to light in low illumination, improving the ability to see in darkness.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and are responsible for perceiving color and fine detail.

Rods

Photoreceptor cells in the retina of the eye that provide night vision and peripheral vision by detecting brightness and shades of gray.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.