Which of the Following Statements Correctly Characterizes the Fayum Depression

question 61

Multiple Choice

Which of the following statements correctly characterizes the Fayum Depression during the Oligocene?

• A) Its community included strepsirrhines, omomyids, and haplorrhines.
• B) It was a desert.
• C) It did not have any animals other than primates.
• D) It is where the oldest primate fossils on record came from.

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Definitions:

Half-Year Convention

The half-year convention is a tax and accounting principle that allows for depreciation of assets to be calculated as if they had been in service for half a year, regardless of when they were actually acquired during the fiscal year.

Corporate Tax Rate

The share of a company's earnings required to be paid to the government as tax.

Straight Line

A method of calculating depreciation of an asset, where the asset's cost is evenly spread over its useful life.

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.