Which of the Following Describes the Effect of Recording Depreciation

question 86

Multiple Choice

Which of the following describes the effect of recording depreciation expense at year-end?

• A)Net income decreases and total assets aren't affected.
• B)Total assets decrease and stockholders' equity is not affected.
• C)Net income decreases and total assets decrease.
• D)Stockholders' equity is not affected and net income decreases.

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Definitions:

Intentionality

The quality of being directed toward an object or objective; in philosophy, it refers to the ability of the mind to be about, to represent, or to stand for things, properties, or states of affairs.

Subjectifies

The process of making or treating something as a subject, imbuing it with subjective qualities or perspectives.

Objectifies

The act of treating people or aspects of their identity as objects or commodities, often leading to reductionism and dehumanization.

Role

The function or characteristic behavior expected of an individual in a particular social context or system.