The Statement Relating to the Composite-Rate Depreciation Approach That Is

question 37

Multiple Choice

The statement relating to the composite-rate depreciation approach that is not true is:

• A)It is often used in practice by business entities with many similar assets in the one class
• B)A single depreciation rate is applied to the average cost of a functional group of assets
• C)It is only used for items valued at less than $500 each
• D)The composite rate is applied to the average of the beginning and ending balances in the asset account for the year

---

Definitions:

Sustainable Development

A concept of defining development strategies that meet the needs of the present without compromising the ability of future generations to meet their own needs.

Ethical Dilemma

A situation where a person has to choose between two or more morally correct actions that conflict with each other.

Sustainable Products

Products designed and produced with consideration for their environmental impact, aiming for minimal harm and use of resources.

Ethical Decision-making Approaches

Methods or frameworks used to evaluate and choose among alternatives in a manner consistent with ethical principles.