Which of These Correctly Shows the Effect of Charging Depreciation

question 39

Multiple Choice

Which of these correctly shows the effect of charging depreciation on equipment for the period?

• A)Decrease in accumulated depreciation; decrease in the carrying value of equipment.
• B)Increase in accumulated depreciation; increase in the carrying value of equipment.
• C)Increase in accumulated depreciation; decrease in the carrying value of equipment.
• D)None of the above.

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Definitions:

Laissez-faire

An economic philosophy of free-market capitalism that opposes government intervention.

Reciprocal

involving mutual exchange or sharing between two or more parties.

Authoritarian

Characterizing a system of government or leadership where control is held by a single ruler or small group, often lacking democratic participation or personal freedoms.

Role Playing

A technique or exercise where individuals act out roles or scenarios to develop skills, solve problems, or gain an understanding of different perspectives.