Which of the Following Statements Is FALSE

question 152

Multiple Choice

Which of the following statements is FALSE?

• A)As an asset is used in operations, accumulated depreciation increases.
• B)As an asset is used in operations, the book value of the asset decreases.
• C)As an asset is used in operations, the book value of the asset increases.
• D)An asset's final book value is its residual value.

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Definitions:

Stem

Usually the upright, vertical portion of a plant that transports substances to and from the leaves.

Flower

The reproductive structure of flowering plants, typically consisting of petals, sepals, stamens, and carpels.

Fence Post

A sturdy vertical structure that supports and maintains the alignment of a fence; often made of wood, metal, or concrete.

Barbed Wire

A type of fencing wire constructed with sharp edges or points arranged at intervals along the strands.