If an Asset's Physical Condition Deteriorates More Rapidly Than Would

question 52

Multiple Choice

If an asset's physical condition deteriorates more rapidly than would be reflected by normal depreciation,that is referred to as:

• A)recording error.
• B)accelerated depreciation.
• C)asset disposal.
• D)asset impairment.

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Definitions:

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A term referring to the fast, automatic, and often unconscious way of thinking, as opposed to the more deliberate and analytical System 2 thinking.