Depreciation Is Based on Which of the Following Assumptions

question 22

Multiple Choice

Depreciation is based on which of the following assumptions?

• A) The period of utility of an asset is not fixed or determinable.
• B) The value of an asset declines in a predictable manner over the period of utility.
• C) The salvage value of an asset will not exist when the depreciation process is complete.
• D) The value of an asset is not fixed or determinable.

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Definitions:

Algebraic Expression

An expression in mathematics that includes regular numbers, variables such as x or y, and operations such as addition, subtraction, multiplication, and division.

Algebraic Expression

An expression built from constants, variables, and algebraic operations (such as addition, subtraction, multiplication, and division).

Values

Numerical quantities assigned to variables or outcomes in mathematical expressions, calculations, or measurements.

Simplified Expression

An algebraic expression that has been reduced to its simplest form, making it easier to interpret or solve.