Which of the Following Statement Is Applicable to the Straight-Line

question 61

Multiple Choice

Which of the following statement is applicable to the straight-line method of depreciation?

• A) The expense is variable for the useful life of the asset.
• B) The process is complex because you need to know the carrying amount, residual value and estimated useful life of the asset.
• C) A company subject to political costs is more likely to select this depreciation method.
• D) Assumes that the consumption of the asset is uniform over its expected useful life.

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Definitions:

Deuterostomes

A classification of animals characterized by the anus developing before the mouth during embryonic development, includes vertebrates and echinoderms.

Embryonic Development

The process by which an embryo forms and develops, from fertilization to birth in animals or to the seedling stage in plants.

Ecdysozoa

Protostome characterized by periodic molting of the exoskeleton. Includes roundworms and arthropods.

Spiralia

Classification of invertebrate animals that includes the lophotrochozoans and platyzoans.