Accelerated Depreciation Assumes All of the Following Except That

question 44

Multiple Choice

Accelerated depreciation assumes all of the following except that

• A)asset benefit increases with each year of use.
• B)the asset provides more benefit in the early years.
• C)obsolescence makes an asset less valuable in its later years.
• D)repair expense is less in the early years than in the later years.

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Definitions:

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The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

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Often associated with environmental sustainability, this term refers to practices, products, or initiatives that are environmentally friendly.

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