Which Statement Is Not Correct

question 34

Multiple Choice

Which statement is not correct?

• A)Assessing the useful life of an intangible asset requires professional judgment.
• B)The residual value of an intangible asset is the same as the asset's salvage value.
• C)The straight-line method of amortization is generally used for intangible assets.
• D)An equal pattern is reflected by the straight-line method of amortization.

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Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables, called factors.

Basic Structure

The fundamental arrangement or framework of something, outlining its essential parts and their relationships.

Cattell

Refers to Raymond Cattell, a psychologist known for his pioneering work in personality theory, including the development of the 16 personality factors model.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotional responses, typically consistent over time.