Depreciation does not arise form _______
Correct answer: D. remarket expectation
- A. effluxion of time
- B. use
- C. obsolescence through technology be market changes
- D. remarket expectation
Explanation
Depreciation results from factors such as passage of time, use, and obsolescence caused by technological or market changes. “Remarket expectation” is not a recognized cause of depreciation.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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