If an Adjustment for Depreciation Is Omitted from the Financial

question 2

Multiple Choice

If an adjustment for depreciation is omitted from the financial reports, the effect is which of the following?

• A) Assets are understated; profit is understated
• B) Assets are overstated; profit is overstated
• C) Assets are understated; profit is overstated
• D) Assets are overstated; profit is understated

---

Definitions:

Proposition

A formal statement or proposition in logic or mathematics, proposed for acceptance or rejection.

Enthymemes

A shortened form of syllogism which omits one of the premises, assuming it to be understood by the audience.

Everyday Speech

The casual, informal language used by people in daily conversations.

Singular Propositions

A type of proposition concerning exactly one particular subject.