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:

Syllables

Units of organization for a sequence of speech sounds, typically comprising a vowel sound with or without surrounding consonants.

Phonemes

The smallest units of sound in a language that can make a difference in meaning.

Linking Sounds

Linking sounds refers to the phonetic practice where adjacent words are connected smoothly in speech, common in many languages.

Decode

To interpret or translate a coded message or piece of information into a form that is understandable.