Which of the Following Statements Concerning Fixed Assets Is Not

question 12

Multiple Choice

Which of the following statements concerning fixed assets is not true?

• A) knowledge of the approximate average age of fixed assets can be useful in assessing the efficiency of the assets.
• B) knowledge of the approximate average age of fixed assets can be useful in deciding whether the assets may need to be replaced in the near future.
• C) knowledge of the approximate average age of fixed assets can be calculated by the formula accumulated depreciation divided by average recorded cost of fixed assets.
• D) knowledge of the approximate average age of fixed assets can be useful in deciding whether the asset register is up-to-date.

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Definitions:

Technological Advancement

The progress or development in technology, leading to new inventions, improvements, and the creation of novel products or processes.

Organizational Change

The process by which organizations transform their structures, strategies, policies, processes, or culture to adapt to internal and external pressures.

Sociotechnical System

An approach to complex organizational work design that recognizes the interaction between people and technology in workplaces.

Task-Technology

The relationship between the tools and systems used in work processes and the tasks they are designed to support or enhance.