Which of the following is the best definition for the term Permission?

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.

A restaurant is an example of a closely regulated business

a. True b. False