Which of the Following Is a Term Used to Describe

question 15

Multiple Choice

Which of the following is a term used to describe management's recognition that a significant portion of fixed assets is no longer as productive as had originally been expected?

• A)asset depreciation.
• B)asset amortization.
• C)asset impairment.
• D)asset disposal.

---

Definitions:

Monthly Sales

The total revenue generated from goods or services sold by a business within a month.

Variable Expenses

Costs that change in proportion to the activity of a business.

Sales

Revenue generated from the sale of goods or services to customers.

Fixed Expenses

Costs that do not change in total regardless of changes in the volume of production or sales.