Which of the Following Is Not an Objection to the Use

question 112

Multiple Choice

Which of the following is not an objection to the use of the straight-line method of amortization?

• A) It may not satisfactorily match expense with revenue, depending on the asset.
• B) It tends to ignore obsolescence as a major source of decline in economic value.
• C) It does not recognize the investment characteristics of the ownership of capital assets.
• D) it generally results in the lowest earnings.

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Definitions:

Inevitability of Progress

The belief that societal, technological, and cultural advancement is a natural progression and will occur over time.

Consensus

A general agreement among various groups on fundamental matters; often used as a basis for decision making in a democratic society.

Modernity

A historical period or the quality of being modern, characterized by the transition from traditional to contemporary forms of society, economy, and culture, marked by technological innovations and changes in social norms.

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, as well as opposition to universalist notions.