Which of the Following Serves as the Justification for the Periodic

question 18

Multiple Choice

Which of the following serves as the justification for the periodic recording of depreciation expense?

• A) association of efforts (expense) with accomplishments (revenue)
• B) minimization of income tax liability
• C) immediate recognition of an expense
• D) systematic and rational allocation of cost over the periods benefited

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Definitions:

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, it is a colorless gas with a characteristic pungent smell and is used in many industrial processes.

Spiders

Arachnids distinguished by their ability to spin webs using silk produced from spinnerets at the rear of their abdomen.

Filtrate

The liquid that has passed through a filter, having had some of its particles removed in the process.

Nephron Tubules

The microscopic tubes within the kidney where blood is filtered, and urine is formed through processes of reabsorption and secretion.