Which of the Following Statements About Problems and Issues in Workers

question 49

Multiple Choice

Which of the following statements about problems and issues in workers compensation insurance is (are) true?
I.The cost of medical care under workers compensation continues to rise.
II.Enactment of workers compensation statutes has eliminated litigation with respect to work-related illnesses and injuries.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Depreciation Expense

An accounting method allocating the cost of a tangible asset over its useful life.

Plant Assets

Durable physical assets employed in creating goods and services, including equipment, buildings, and machinery.

Double-Declining-Balance

A method of accelerated depreciation which doubles the rate at which an asset's book value depreciates compared to straight-line depreciation.

Salvage Value

The estimation of an asset's value at the end of its period of utility.