In Which of the Following Situations Should the Named Company

question 24

Multiple Choice

In which of the following situations should the named company not record any depreciation expense on the asset described?

• A) Commuter Airline is required by law to maintain its aircraft in "as good as new" condition.
• B) Metro Advertising owns an office building that has been increasing in value each year since it was purchased.
• C) Computer Sales Company has in inventory a new type of computer designed "never to become obsolete."
• D) None of the above answers is correct―in each case, the named company should record depreciation on the asset described.

---

Definitions:

Chronic Illness

A long-lasting condition that can be controlled but not cured, often requiring ongoing management through medication, lifestyle changes, and healthcare.

American Adults

Individuals aged 18 years and older living in the United States, subject to studies and statistics related to demographics, health, and behavior.

CDC

Refers to the Centers for Disease Control and Prevention, a U.S. federal agency tasked with protecting public health and safety through the control and prevention of disease, injury, and disability.

Coping Strategies

Techniques or methods that individuals use to deal with stress, trauma, or hardship.