23. Depreciation of non-current assets happened due to - I. Wear and tear of the assets that being used II. Judgement by the owner III. Physical deterioration of the assets IV. Low market value after being used for several years A. I and II B. I, II and III C. I and III D. I and IV

23. Depreciation of non-current assets happened due to - I. Wear and tear of the assets that being used II. Judgement by the owner III. Physical deterioration of the assets IV. Low market value after being used for several years A. I and II B. I, II and III C. I and III D. I and IV

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 11MC: How are intangible assets with an indefinite life treated? A. They are depreciated. B. They are...

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H1.

23. Depreciation of non-current assets happened due to
I. Wear and tear of the assets that being used
II. Judgement by the owner
III. Physical deterioration of the assets
IV. Low market value after being used for several years
A. I and II
B. I, II and III
C. I and III
D. I and IV

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Depreciation of non-current assets is due to : I. wear and tear when the assets are used, II. physical deterioration of the assets, III. low market value after being used for several years. IV. judgement by the owner.
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Which combination of depreciation methods and useful lives is most conservative in the year a depreciable asset is acquired? C . Declining balance depreciation with a short useful life.
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pls answer thanks.
Which of the following is not likely to be an indicator of possible asset impairment? O evidence of obsolescence or physical damage. O a significant decrease in the asset's market value. O the carrying amount of the entity's net assets is greater than the entity's market capitalization. O costs incurred for asset acquisition or operation are significantly lower than originally expected. WEDNESDAY Save for Later
Which of the following represents an event that is less routine when accounting for long-term assets? A. recording an asset purchase B. recording depreciation on an asset C. recording accumulated depreciation for an asset or asset category D. changing the estimated useful life of an asset
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