As the Usefulness of a Plant Asset Expires

question 152

Multiple Choice

As the usefulness of a plant asset expires,

• A)an amount is transferred from one asset account to another.
• B)a related expense account is reduced.
• C)a liability is created.
• D)the cost of the asset is allocated to an expense account.

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Definitions:

Examine If Closed

A control system instruction or condition check to determine whether a circuit or valve is in its closed or off state.

Examine If Open

A control logic instruction used in PLC programming to check if a specific condition or input is false or "open" before executing subsequent instructions.

Output Energize

The process of activating an output device or circuit, thereby enabling it to perform its intended function, such as turning on a light or motor.

Input Energize

refers to the condition in electrical or electronic circuits where an input signal or power source is applied, activating a component or process.