Suppose Two Hikers Are Lost in a Storm

question 10

Multiple Choice

Suppose two hikers are lost in a storm. They come across a cottage and they break into it and eat some of the food in order to save their lives. Their defense would be one of ____.

• A) mistake or ignorance of law
• B) mistake of fact
• C) intoxication
• D) insanity
• E) necessity

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Definitions:

Double-Declining-Balance

An accelerated depreciation method that doubles the rate of depreciation of an asset's value compared to the straight-line method.

Depreciation Rate

The percentage at which an asset's value decreases over time due to use, wear, or obsolescence.

Land Improvements

Enhancements to a plot of land such as landscaping, fencing, and driveways, which increase the property's usability and value.

Filling

In manufacturing, it refers to the process of putting product into containers or packaging; in accounting, it could refer to completing or updating records but this usage is less direct.