Which of the Following Statements Is Not True About Depreciation

question 171

Multiple Choice

Which of the following statements is not true about depreciation for tax purposes?

• A) The straight-line method is used for most assets.
• B) Estimated useful life is ignored.
• C) Depreciable assets are written off rapidly.
• D) Estimated residual value is ignored.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Inventories

The range of goods or materials held by a company for the purpose of production, sale, or repair in the ordinary course of business.

Net Operating Income

The profit generated from a company's regular business operations, excluding expenses from interest and taxes.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.

Segmented Income Statements

Financial reports that show income, expenses, and profitability for different parts of an organization, such as departments or products.