Which of the Following Statements Is Not True About Depreciation

question 112

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)The same methods are not acceptable for financial reporting.
• C)Plant assets are written off rapidly.
• D)There is a bonus first-year deduction.

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Definitions:

Cognitive-Behavioral Therapist

A mental health professional specializing in cognitive-behavioral therapy, which focuses on changing unhelpful cognitive distortions and behaviors.

Behavior Therapist

A professional who uses principles of behaviorism to treat psychological disorders and improve clients' behaviors.

Operant Conditioning

A teaching process where the intensity of behaviors is refined by the introduction of positive reinforcers or the application of negative feedback.

Light-Exposure Therapy

A treatment modality using scheduled exposure to light of specific wavelengths to treat disorders like seasonal affective disorder.