A Foundation System Consisting of Perimeter Foundation Walls and an Elevated

question 23

Multiple Choice

A foundation system consisting of perimeter foundation walls and an elevated ground floor with an underlying crawl space is commonly used

• A)for low- rise buildings in cold climates.
• B)where the water table is high.
• C)for low- rise buildings in warm climates.
• D)where the soil is expansive.
• E)where the soil- bearing capacity is low.

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Definitions:

Net Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment losses.

Impairment Loss

A loss recognized in the financial statements when the carrying amount of an asset exceeds its recoverable amount.

Cost Model

An accounting approach that measures an asset based on its historical cost minus any accumulated depreciation and impairment losses.