Which of the Following Will Have an Effect on the Amount

question 50

Multiple Choice

Which of the following will have an effect on the amount of depreciation charged on an asset in a particular accounting period?
I. The size of the asset
II. Method of depreciation used
III. Cost or revalued amount of asset
IV. Estimated residual value of asset

• A) I, II and III only
• B) I, III and IV only
• C) II, III and IV only
• D) I, II, III and IV

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Definitions:

Sense Of Entitlement

A belief or attitude that one deserves certain privileges or special treatment, often without consideration for others or the circumstances.

Innovation

The introduction of new ideas, methods, or products.

Entrepreneurship

The process of designing, launching, and running a new business, typically starting as a small business, such as a startup, and aiming to achieve growth and profit.

Deontological Theory

An ethical philosophy that evaluates actions as right or wrong based on adherence to rules, duties, or moral principles, regardless of the consequences.