Which of the Following Statements About Depreciation Is Correct? a Company

question 24

Multiple Choice

Which of the following statements about depreciation is correct? A company:

• A)must use the same depreciation method for all classes of assets consistently over time.
• B)may use different methods of depreciation for any class of asset and may change methods as it sees fit.
• C)must use straight-line depreciation for tax reporting.
• D)may use different depreciation methods for different classes of assets from one year to the next.

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Definitions:

Leptin

A hormone produced by fat cells that helps to regulate energy balance by inhibiting hunger.

Eating Habits

Patterns and behaviors related to how and what individuals eat, which can significantly affect nutritional health and overall well-being.

Self-determination Theory

A theory of motivation that emphasizes the role of autonomy, competence, and relatedness in fostering motivation and psychological growth.

Loss of Interest

A reduction in enthusiasm or desire for previously enjoyed activities, often a symptom of depression.