Which of the Following Is a True Statement About the Nature

question 8

Multiple Choice

Which of the following is a true statement about the nature of Equipment,account?

• A)While equipment is an asset,its use (depreciation)is an expense.
• B)While equipment is an asset,its use (depreciation)is a liability.
• C)While equipment is an asset,its use (depreciation)affects contributed capital.
• D)Equipment and its use (depreciation)are both liabilities.

---

Definitions:

Pollutants

Substances introduced into the environment that cause harm or discomfort to the ecosystem or living organisms.

Nitrogen Dioxide

A toxic, reddish-brown gas that is part of the nitrogen oxides group, contributing to air pollution and respiratory issues.

Organic Compounds

Chemical compounds containing carbon atoms bonded to hydrogen atoms, along with other elements, widely found in living organisms.

Secondary Pollutants

Pollutants not emitted directly into the air, but formed when primary pollutants react or interact in the atmosphere.