Depreciation Expense Is Closed to Income Summary, but Accumulated Depreciation

question 78

True/False

Depreciation Expense is closed to Income Summary, but Accumulated Depreciation is not closed.

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Definitions:

Bona Fide Occupational Qualification

A work requirement that is necessary for the normal operation of a particular business or enterprise and may legally exclude individuals from a job based on protected characteristics in certain circumstances.

Disparate Treatment

A form of discrimination that occurs when employees are treated differently based on protected characteristics, such as race, age, or gender, without justification.

Undue Hardship

A significant difficulty or expense imposed on an employer by accommodating an employee's disability or religious practices, under U.S. employment law.

Four-Fifths Rule

Rule of thumb that provides evidence of potential discrimination if an organization's hiring rate for a minority group is less than four-fifths the hiring rate for the majority group.