The principal objection to the straight-line method of depreciation is that it

a. Gives smaller periodic write-off than a decreasing charge method

b. Tends to result in a constant rate of return on a diminishing investment base
c. Ignores variation in the rate of asset use
d. Provides for the declining productivity of an aging asset

Which of the following is not a characteristic of property, plant and equipment?

a. The property, plant and equipment are tangible assets,

b. The property, plant and equipment are used in business.
c. The property, plant and equipment are subject to depreciation.
d. The property, plant and equipment are expected to be used over a period of more than one
year.

Which statement best describes "value in use"?

a. The present value of estimated future cash flows expected to arise from the continuing use of
an asset and from the ultimate disposal
b. The amount which an entity expects to obtain for an asset at the end of the useful life
c. Undiscounted future net cash flows
d. The amount of cash that could currently be obtained by selling an asset in an orderly disposal