Which of the Following Statements Is True

question 4

Multiple Choice

Which of the following statements is true?

• A) For tax purposes, a business must use the straight-line method of depreciation.
• B) For tax purposes, a business must use the diminishing value method of depreciation.
• C) For tax purposes, a business may use either the straight line or diminishing value method of depreciation.
• D) The depreciation method used for tax purposes must be the same as that used for external reporting.

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Definitions:

PNS

Stands for Peripheral Nervous System, which includes all the nerves outside of the brain and spinal cord.

Plasma Membrane

A bi-layer of lipids and proteins that surrounds a cell, controlling the entry and exit of substances.

Hyperpolarize

To increase the polarization or difference in electric charge across a membrane, typically making it more negative inside compared to outside.

Na+

Na+, or sodium ion, is an essential electrolyte in the body, playing key roles in fluid balance, nerve signal transmission, and muscle contraction.