Plant Assets Are Depreciated Because

question 82

Multiple Choice

Plant assets are depreciated because

• A)the accrual basis of accounting requires matching of costs to revenues.
• B)some plant assets last longer than others.
• C)useful lives cannot be reasonably estimated.
• D)the replacement cost of plant assets may fluctuate over time.

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Definitions:

Historical Significance

The importance or impact of an event, person, or place in history, contributing to our understanding of the past.

Southern Slavery

The institution of forced labor and servitude that existed in the Southern United States until the end of the Civil War in 1865, where African Americans were held as slaves.

Historian

A professional or expert in history who studies and writes about the past, analyzing historical documents and sources.

Evidence

Information, facts, or data presented in support of an assertion, argument, or as proof in legal proceedings.