Depreciation

question 191

Multiple Choice

Depreciation:

• A)Measures the decline in market value of an asset.
• B)Measures physical deterioration of an asset.
• C)Is the process of allocating to expense the cost of a plant asset.
• D)Is an outflow of cash from the use of a plant asset.
• E)Is applied to land.

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Definitions:

Ethical Relativism

A philosophical viewpoint suggesting that moral principles are valid only relative to specific social, cultural, or personal contexts.

Kant

Immanuel Kant, an 18th-century German philosopher who is known for his work on deontological ethics, the theory of knowledge, and aesthetics.

Autonomy

Independence. Intellectual autonomy is the ability of a rational person to reach his or her own conclusions about what to believe and what not to believe. Moral autonomy is the ability of a rational person to reach his or her own moral conclusions about what is right and what is wrong. (This does not mean that people will necessarily come to different conclusions.)

Psychological

Pertaining to the mind or mental processes, often focusing on behavior, cognition, emotions, and the mental functions in individuals.