Homework Answers
ANSWER:
(A)
OPTION d: they increase the productive capacity of the asset
EXPLANATION:
ordinary repairs do not increase the productive capacity of the essay because they does not enhance the capacity of production instead they fix the problems in existing productive capacity.
(B)
OPTION c: cost allocation
EXPLANATION:
depreciation is the process by which cost of the asset is allocated over its useful life
(C)
OPTION a: Straight line
EXPLANATION:
straight-line method of depreciation is the most frequently used method in today’s business world because of its wide applicability and ease of computation.
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