The most important objective for depreciation is accuracy.One aspect of this objective is the consistency of depreciation policy.The four considerations in determining this do NOT include:
A) the method of depreciation.
B) the policy of depreciating assets in the year of acquisition and disposition.
C) the estimated residual value.
D) what accounting standards must be used.

Question

Quizplus · Accepted Answer

The most important considerations in determining the consistency of depreciation policy include the method of depreciation, the policy of depreciating assets in the year of acquisition and disposition, and the estimated residual value. What accounting standards must be used is not a consideration for the consistency of depreciation policy itself but rather a framework within which the policy is developed and applied.

The Most Important Objective for Depreciation Is Accuracy