Depreciation

question 72

Multiple Choice

Depreciation:

• A) Measures the decline in market value of an asset.
• B) Measures physical deterioration of an asset.
• C) Is the process of allocating to expense the cost of an item of property, plant and equipment.
• D) Is an outflow of cash from the use of an item of property, plant and equipment.
• E) Is applied to land.

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Definitions:

Heterozygous

Having inherited two genes of different allelic forms for a trait.

Dominant Allele

The allele that is expressed when an individual possesses two different alleles for the same trait.

Recessive Allele

The allele that is not expressed when an individual possesses two different alleles for the same trait.

Carriers

Individuals who are heterozygous for a trait with a dominant and recessive allele and thus express only the characteristics associated with the dominant allele but may pass the recessive allele, including one for a recessive disorder, on to their offspring.