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...
Which term below is defined as external awards to employees?
A. intrinsic rewards B. inherent rewards C. extraneous rewards D. extrinsic rewards
Which bidding approach is used when the buyer–supplier relationship is transactional, items are standardized, and price is the predominant selection criterion?
A. online reverse auctions B. competitive bidding C. negotiations D. English auctions
Which of the following would be classified as a retailer?
A) Timber's Tree Care B) Pandora's Pet Walking C) Bailey's Book Shoppe D) Tony's Tax Service
Describe the differences between Benefit Corporations and B Corps. Do you think either of these designations is necessary? Why or why not?
What will be an ideal response?