With Respect to Depreciation Policies,the Principle of Consistency Means

question 43

Multiple Choice

With respect to depreciation policies,the principle of consistency means:

• A)A company should use the same depreciation methods in its financial statements that it uses in its income tax returns.
• B)A company should use the same depreciation methods as other companies in the same industry.
• C)A company should use the same depreciation method from year to year for a given plant asset.
• D)A company should use the same depreciation method in computing depreciation expense on all its assets.

---

Definitions:

Constructive Conflict

refers to conflict that, when managed well, results in productive disagreement, leading to creative solutions and improvements without personal attacks.

Functional Conflict

A type of conflict that is constructive and encourages diversity of opinions, leading to improvements in processes or outcomes.

Functional Conflict

A healthy, constructive disagreement that leads to new ideas and solutions without personal conflict among the members.

Constructively Addressed

Approaching a problem or challenge in a positive and solution-oriented manner.