Which Statement Is FALSE

question 101

Multiple Choice

Which statement is FALSE?

• A)An example of a leasehold improvement would be the installation of new paneling,walls,and a window air conditioner.
• B)The lessee must select the shorter of either the useful life of the leasehold improvement or the remaining life of the lease to amortize the leasehold improvement.
• C)Although they are technically intangible assets,leaseholds are frequently classified with plant assets on the balance sheet.
• D)A leasehold is a right to use a fixed asset for a specified period of time beyond one year.
• E)Leasehold improvements are subject to depletion.

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Definitions:

Magic Number

A concept in cognitive science referring to the limit of items an average human mind can hold in working memory, commonly thought to be seven plus or minus two.

Working Memory

An active system that processes the information in short-term memory.

Central Executive

A component of working memory model that oversees and regulates the flow of information from and to its subsidiary systems.

Baddeley

A reference to Alan Baddeley, a psychologist best known for his work on the model of working memory.