Which of the Following Statements Is False

question 60

Multiple Choice

Which of the following statements is false?

• A)The book value at the end of an asset's useful life will be the same under all the depreciation methods allowed under GAAP.
• B)The balance in the accumulated depreciation account will be the same at the end of an asset's useful life under all the methods allowed under GAAP.
• C)Once you select a depreciation method, then you must use this method for all depreciable assets.
• D)The annual depreciation expense and year-end book values will differ under the various depreciation methods over the life of the asset.

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Definitions:

Employment References

Professional contacts or prior employers who can vouch for a job applicant's work ethic, skills, and experiences.

Employee Evaluation

A formal assessment process in which the performance of an employee is reviewed and discussed, typically to make decisions about promotions, raises, and development.