Depreciation Is Based on All of the Following Assumptions EXCEPT

Multiple Choice

Depreciation is based on all of the following assumptions EXCEPT

A) that the asset has a fixed,determinable period of utility.
B) that the asset has a fixed,determinable value that will exist when the depreciation process is complete.
C) that the value of the asset will decline in a continuous and predictable manner over the period of utility.
D) that it is the cost incurred to replace one asset with an identical asset.