The manager of TruColor Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following statements is most likely to be true about the printing press?

Question

Quizplus · Accepted Answer

The statement "It will depreciate over its useful life." is the most likely to be true. Depreciation is the gradual decrease in the value of an asset over time due to wear and tear or obsolescence, and it is a common accounting practice for long-term assets like machinery and equipment. Therefore, it is reasonable to assume that the printing press will be depreciated over its useful life.

The Manager of TruColor Printers Inc