According to Abraham Maslow's Hierarchy, Which Needs Must Be Met

question 138

Multiple Choice

According to Abraham Maslow's hierarchy, which needs must be met first?

• A) esteem
• B) safety
• C) physiological
• D) belongingness and love

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Definitions:

Depreciation

The allocation of the cost of a tangible asset over its useful life, accounting for wear and tear, deterioration, or obsolescence.

Accumulated Depreciation

It refers to the total amount of depreciation expense that has been recorded against an asset over its useful life until the present time.

Fixed Asset Account

An account on the balance sheet representing long-term tangible assets held for business use and not expected to be converted to cash in the near term.

Accumulated Depreciation Account

A balance sheet item representing the cumulative amount of depreciation expense charged against an asset over its useful life.