T for true, F for false, B for bullshit

8516I’m taking an introduction to business accounting class for my own self furthering, and last week we had a test, and not a particularly difficult test (at least I didn’t think so). Tonight we got the tests back, 99 out of 100 for me, which is great but then going though the answers I notice one question that I feel should be correct even though I was marked incorrect. I don’t have the test, it’s the business department’s policy not to let students keep them, but the question was this:

True or False: Depreciation is a method for matching the cost of an asset to the revenue it will produce

Which I answered False, because from how I understand it Depreciation is a way of matching the cost of the asset to the revenue it HAS produced, you wouldn’t buy an asset and immediately depreciate it because it WILL produce a revenue, you are going to wait until it actually HAS produced a revenue. I think there is a very strong diffrence between ‘will’ and ‘has’, enough to make the statement above, false. When I pointed it out I got an answer from the teacher that felt like a serious run-around with her final statement being something to the effect of “it’s a question about theory, not application”, well what the fuck is that supposed to mean?

So now I want to see what you think. If you aren’t sure what depreciation is, wikipedia has a pretty good explanation here. Leave me a comment with your thoughts, maybe I’m missing some point, or maybe you can help me back myself up if I decide to bring it up again. It is only one point, but damn-it if I’m right I want credit.

The other thing that really killed me about this class tonight is that toward the end of the test, she put an extra credit assignment up on the board, and after the test was over she explained that it was due at the beginning of class and she would not take it after that (we had a full lecture after the test) … so 6:30 rolls around and she collects all the extra credits. I didn’t do it because I frankly forgot. Then during our break, there are people going up to her saying “I left right after the test and didn’t know about the extra credit”. In my opinion, boo fucking hoo, its extra credit, you left class, take a little responsibility for your actions damn-it. I expected her to give a similar, if not much more polite, response. But no … she quickly states, “oh, well just turn it in next week”. YOU HAVE GOT TO BE FUCKING KIDDING ME!

She even goes over the homework in detail before collecting it, to the extent of putting the full solutions up on the overhead and reading the whole freaking thing to everyone (just in case you can’t see it). So if you have a mistake, you just correct it before turning it in.

This is why I have no respect for business majors, you wine about how hard your classes are, but everything I’ve seen is a complete joke to the academic system.