The most difficult form of depreciation to correct is:

a. wear and tear.
b. physical depreciation.
c. economic obsolescence.
d. functional obsolescence.

Answer: c. economic obsolescence.

Business

You might also like to view...

Which of the following is a disadvantage of using temporary and contract workers?

A) The workers may not be committed to organization. B) It cannot eliminate labor shortage. C) It is difficult to obtain labor on contract. D) It would result in increased costs. E) They invariably need to be paid more than permanent employees.

Business

How much does each additional sales dollar contribute toward profit for a firm with $5 million break-even level of revenues and $1.5 million in fixed costs including depreciation?

A) $0.30 B) $0.67 C) $0.33 D) $0.50

Business