Plant assets are depreciated because
a. the accrual basis of accounting requires matching of costs to revenues.
b. some plant assets last longer than others.
c. useful lives cannot be reasonably estimated.
d. the replacement cost of plant assets may fluctuate over time.
a
You might also like to view...
Research and development costs normally are capitalized and amortized over the estimated sales life of the product developed
Indicate whether the statement is true or false
Jennette handles customer complaints at a small stationary company, and noticed that customers tended to complain about just a few products. Jennette emailed her manager a proposal requesting customer support software to help them track the issues, and they got a free trial of the software. After a few months, the system did not seem to be saving her time, and her manager said this would be too expensive. Jennette decided to abandon the software, and use a spreadsheet to track customer complaints instead. By finding a new solution, Jennette demonstrated which ability?
a. productive forgetting b. product innovation c. cognitive dissonance d. extrinsic motivation
In some states, misrepresentation of age is enough to prevent disaffirmance
Indicate whether the statement is true or false
Trademark protection lasts for a duration of: A) 70 years
B) 20 years. C) 14 years. D) as long as it continues to be used properly.