Which of the Following Best Describes the Objective of Depreciation

question 82

Multiple Choice

Which of the following best describes the objective of depreciation?

• A)To allocate the cost of a tangible asset to the periods in which its use contributes to earning revenue.
• B)To estimate the remaining useful life of the asset.
• C)To report the asset on the balance sheet at the estimated amount for which the asset could be sold on the balance sheet date.
• D)To estimate the current replacement cost of the asset.

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Definitions:

Maintaining Eye Contact

The act of keeping visual gaze on another person's eyes during communication, viewed as a sign of confidence and engagement.

Symmetrical Smile

A facial expression where both halves of the smile are uniform, considered aesthetically pleasing and indicative of genuine happiness.

Communication Style

The characteristic way in which individuals express themselves verbally and nonverbally when interacting with others.

Persuasiveness

The ability to convince others to change their attitudes, beliefs, or actions through communication.