The Portion of a Non-Current Asset, Such as Plant and Equipment

question 51

Multiple Choice

The portion of a non-current asset, such as plant and equipment, which is transferred to an expense account during an accounting period, is known as:

• A) carrying amount.
• B) accumulated depreciation.
• C) depreciation.
• D) contra asset.

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Definitions:

Volume Of Speech

The loudness or intensity of a person's voice when speaking.

Cuticles

The thin layer of skin at the base of the nails on fingers and toes, protecting the nail matrix from infections.

Brittle

Having a hard but easily breakable texture or quality, often describing materials or substances.

Clubbing

A condition where the fingers and toes swell into a club-like shape, often indicating underlying health issues.