________ are a form of product that consist of a collection of activities that, when performed, delivers benefits to a customer

Which of the following statements concerning depreciation expense is most correct?

a. Depreciation expense accounts for the loss of value of inventory. b. Depreciation expense accounts for the loss of value of securities investments. c. Depreciation expense accounts for the loss of value of fixed assets (plant and equipment). d. For accounting purposes, depreciation expense is calculated by the double declining balance method. e. For accounting purposes, depreciation expense is calculated by the triple declining balance method.

In order to be able to bring a lawsuit, the plaintiff must have standing to sue

Indicate whether the statement is true or false