Why Is the Use of Proxy Data Necessary When Studying

question 13

Multiple Choice

Why is the use of proxy data necessary when studying past climate change?

• A)Modern recording instruments are skewed by pollutants in the atmosphere
• B)Modern data has been biased by religious influence or political ideologies
• C)Instrumental records only go back a couple of centuries and are more incomplete the older they are
• D)Geological and atmospheric changes occurring at the time work differently than today

Compute the depreciation expense for specific periods using the double-declining-balance method.

Apply the sum-of-the-years-digits method of depreciation.

Calculate depreciation expense using the straight-line method.

Understand the effects of depreciation on the book value of assets over time.

---

Definitions:

Total Manufacturing Costs

The sum of all expenses directly involved in the production of goods, including raw materials, labor, and overhead.

Cost Of Goods Manufactured

The total cost accumulated during the production of goods within a specified period, including labor, materials, and overhead expenses.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are considered variable costs.

Factory Depreciation

The systematic reduction in the recorded cost of fixed assets (such as manufacturing equipment) to account for wear and tear or obsolescence over time.