Which of the Following Describes the Effect of Recording Depreciation

question 44

Multiple Choice

Which of the following describes the effect of recording depreciation expense at year-end?

• A)Net income decreases and total assets decrease.
• B)Total assets decrease and stockholders' equity is not affected.
• C)Net income decreases and total assets increase.
• D)Stockholders' equity is not affected and net income decreases.

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Definitions:

FASDs

Fetal Alcohol Spectrum Disorders; a range of effects that can occur in a person whose mother drank alcohol during pregnancy.

High Blood Sugar

A condition also known as hyperglycemia, where an excessive amount of glucose circulates in the blood plasma, often associated with diabetes.

Lifelong Disorders

Health conditions or illnesses that are present for the duration of a person's life, requiring ongoing management and care.

Improved Mental Capacity

Refers to enhancements in cognitive functions such as memory, focus, and problem-solving, often resulting from physical activity, nutrition, or cognitive training.