Which One of the Following Disclosures Is Required by Generally

question 2

Multiple Choice

Which one of the following disclosures is required by generally accepted accounting principles?

• A)depreciation expense for each major class of asset
• B)balances of major classes of depreciable assets by nature or function
• C)accumulated depreciation on each depreciable asset
• D)an explanation of why the depreciation method used was selected by management

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Definitions:

Oxytocin

Hormone secreted by the hypothalamus and released by the posterior lobe of the pituitary gland; stimulates contraction of the pregnant uterus and the ducts of mammary glands.

Suprachiasmatic Nucleus

Main biological clock; located in the hypothalamus. Important in setting circadian rhythms.

Pineal Gland

Endocrine gland located in the brain.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.