Which One of the Following Statements Is an Advantage of the Group

question 90

Multiple Choice

Which one of the following statements is an advantage of the group and composite methods of depreciation?

• A)Faulty estimates are concealed for long periods.
• B)Gains are deferred beyond the period in which they actually occurred.
• C)Record keeping is simplified.
• D)Losses are not recognized in the period in which they occur.

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Definitions:

Fossil Record

The accumulation of evidence in rock layers about the history of life on Earth, including the remains or imprints of organisms from past geologic ages.

Homo Sapiens

Modern human species.

Quaternary

The most recent geological period, starting 2.58 million years ago and continuing to the present, characterized by ice ages and significant human evolution and development.

Extinction

The elimination of a species; occurs when the last individual member of a species dies; see background extinction and mass extinction.