Which of the following must be considered in estimating depreciation on an asset for an accounting period?
a. The original cost of the asset
b. Its useful life
c. The decline of its fair market value
d. Both the original cost of the asset and its useful life.
Ans: d. Both the original cost of the asset and its useful life.
You might also like to view...
One of the benefits of job specialization is that:?
A) it makes employees proficient at a task. B) it significantly increases employee satisfaction. C) it offers new challenges and stimulation to the workers. D) it decreases boredom and absenteeism among workers. E) it eliminates job monotony and fatigue.
Which of the following statements best describes the phrase "global localization" in a nutshell?
A) A global product must be the same product everywhere without modifications in the marketing mix. B) A global marketer must push local markets to accept global products. C) A global marketer must adapt product marketing mix to the similarities and differences in the world market. D) A global product must be a different product everywhere across the world regions.