Which of the Following Statements Is Correct

question 23

Multiple Choice

Which of the following statements is correct?

• A)Companies can change the method of depreciating assets from one year to the next.
• B)Companies can affect the book value at the end of an asset's life by choosing one method of depreciation over another.
• C)Companies can use one method of depreciation for some of their long-lived, productive assets but then use a different method for another group or type of long-lived, productive assets.
• D)Companies can minimize an asset's book value in the first year of use by selecting the straight-line depreciation method rather than the double-declining-balance method.

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Definitions:

Stimulus

An external event or factor that induces a response or reaction in an organism or in a system.

Developmental Psychologist

A specialist who studies the physical, cognitive, and social changes that occur throughout a person's lifespan.

Developmental Psychologist

A psychologist who studies the psychological growth and changes that occur throughout a person's life.

Life-Span Development

The study of how individuals grow, change, and age throughout the course of their life, from conception to death.