Assuming no additions, replacements, or extraordinary repairs, the book value of a long-lived asset declines over time.
Answer the following statement true (T) or false (F)
True
Book value equals cost minus accumulated depreciation. As a result of recording depreciation, an asset's book value declines as it ages.
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Which of the following is a strategy that a marketing manager is most likely to use in the market growth stage?
A. moving toward intensive distribution B. penetration pricing to develop customer loyalty C. developing new ways to use the product D. building brand familiarity E. price slashing
Evelyn's vacuum is at the ________ stage of the product life cycle
A) product development B) introduction C) growth D) decline E) maturity
When standard costs are used in applying the cost-plus approach to product pricing, the standards should be based upon ideal levels of performance
Indicate whether the statement is true or false
The balance in the unearned fees account, before adjustment at the end of the year, is $10,250 . Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,125