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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