Depreciation:

A. Is applied to land.
B. Measures the decline in market value of an asset.
C. Is an outflow of cash from the use of a plant asset.
D. Is the process of allocating the cost of a plant asset to expense.
E. Measures physical deterioration of an asset.


Answer: D

Business

You might also like to view...

Sensory memory is the virtually unlimited repository where information that we encounter as we go through life ends up

Indicate whether the statement is true or false

Business

Before you begin writing, you should always ask yourself, "What is my purpose for writing?"

Indicate whether the statement is true or false

Business

Facilities management refers to ______.

a. selecting the best locations and planning for the optimal manufacturing or service capacity b. managing the layouts of distribution centers at major retailers such as Wal-Mart c. organizing the recruitment and staffing at retail centers d. arranging for the storage of raw materials at intermediate points on the transportation route

Business

Whether purchase costs are rising or falling, FIFO always will yield the highest gross profit and net income.

Answer the following statement true (T) or false (F)

Business