Which of the Following Is Not True Regarding Long-Lived Assets

question 104

Multiple Choice

Which of the following is not true regarding long-lived assets with a finite life?

• A)The firm consumes the asset's services over time in generating revenues.
• B)The balance sheet carrying value decreases over time as the firm recognizes the cost of the asset as an expense.
• C)A portion of the acquisition cost is recognized as an expense each period.
• D)Management must estimate the asset's finite life.
• E)Remains on the balance sheet at net realizable value (unless an asset impairment occurs).

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Definitions:

Same Risk Factor

A component or condition that increases the likelihood of developing a disease or injury, shared across different contexts or populations.

Co-occurring SUD

The simultaneous presence of Substance Use Disorder and another psychiatric disorder in the same individual, often requiring integrated treatment approaches.

Common Factor Model

A psychological theory suggesting that different psychotherapy approaches are effective because of shared factors, such as therapeutic alliance and therapist empathy.

Adults Ages 55+

A demographic group consisting of individuals who are 55 years old and above.