Which of the Following Is Not Likely to Be a "Chief

question 30

Multiple Choice

Which of the following is not likely to be a "chief operating decision maker" as referred to in AASB 8 "Operating Segments"?

• A) Executive committee of the board
• B) Chief executive officer;
• C) Chief operating officer;
• D) Chief accountant;
• E) President of the reporting entity

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Definitions:

Straight-Line Method

A method of calculating depreciation of an asset by evenly spreading its cost over the expected useful life of the asset.

Depreciation Expense

The portion of the cost of a fixed asset that is considered an expense due to its wear and tear over a specific period.

Useful Life

The estimated period over which a fixed asset is expected to be usable by the entity, affecting its depreciation calculation.

Straight-Line Method

An accounting method of depreciating fixed assets evenly over their useful lives.