{"id":55965,"date":"2024-04-16T00:36:26","date_gmt":"2024-04-16T00:36:26","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55965"},"modified":"2024-04-16T00:36:26","modified_gmt":"2024-04-16T00:36:26","slug":"depreciation-of-plant-can-be-apportioned-on-the-basis-of-________","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/depreciation-of-plant-can-be-apportioned-on-the-basis-of-________\/","title":{"rendered":"Depreciation of plant can be apportioned on the basis of ________."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;plant value&#8221; option2=&#8221;plant size&#8221; option3=&#8221;working days&#8221; option4=&#8221;output produced&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. plant value.<\/p>\n<p>Depreciation is the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors. It is a non-cash expense that is used to account for the decline in the value of an asset over its useful life.<\/p>\n<p>There are a number of methods that can be used to apportion depreciation, including:<\/p>\n<ul>\n<li>Straight-line depreciation: This method allocates an equal amount of depreciation expense to each accounting period over the asset&#8217;s useful life.<\/li>\n<li>Declining balance depreciation: This method allocates a larger amount of depreciation expense in the early years of an asset&#8217;s life and a smaller amount in the later years.<\/li>\n<li>Sum-of-the-years&#8217;-digits depreciation: This method allocates a larger amount of depreciation expense in the early years of an asset&#8217;s life and a smaller amount in the later years.<\/li>\n<\/ul>\n<p>The method that is used to apportion depreciation will depend on a number of factors, including the type of asset, the company&#8217;s financial reporting policies, and the tax laws in the country where the company operates.<\/p>\n<p>Option B, plant size, is not a valid basis for apportioning depreciation. The size of a plant does not necessarily correlate with its value or its useful life.<\/p>\n<p>Option C, working days, is not a valid basis for apportioning depreciation. The number of days that a plant is in operation does not necessarily correlate with its wear and tear or its obsolescence.<\/p>\n<p>Option D, output produced, is not a valid basis for apportioning depreciation. The amount of output that a plant produces does not necessarily correlate with its wear and tear or its obsolescence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;plant value&#8221; option2=&#8221;plant size&#8221; option3=&#8221;working days&#8221; option4=&#8221;output produced&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-55965","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Depreciation of plant can be apportioned on the basis of ________.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/depreciation-of-plant-can-be-apportioned-on-the-basis-of-________\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Depreciation of plant can be apportioned on the basis of ________.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;plant value&#8221; 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