When Computing Depreciation for a Partial Year Using Straight-Line Depreciation

question 21

Multiple Choice

When computing depreciation for a partial year using straight-line depreciation:

• A)compute depreciation for a full year under straight-line depreciation and multiply it by 50%.
• B)compute depreciation for a full year under straight-line depreciation and use that amount.
• C)the straight-line method automatically adjusts for partial periods,so no adjustments are needed.
• D)compute depreciation for a full year under straight-line depreciation and multiply it by the fraction of the year that you held the asset.

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Definitions:

Polyp Form

A type of body form in cnidarians, such as corals and sea anemones, characterized by a cylindrical shape and a mouth surrounded by tentacles.

Ciliated Larvae

Larval forms of certain aquatic animals, particularly some mollusks and annelids, which have cilia (tiny hair-like structures) for movement and feeding.

Jellylike Matrix

A viscous, gelatinous substance that provides structural support to various tissue types, such as the connective tissue.

Gastrovascular Cavity

A saclike gut that also functions in gas exchange.