Read the Following Scenario and Answer Questions

question 13

True/False

Read the following scenario and answer questions.
On Friday August 23, 2013, a construction worker fell 55 floors to his death while working on what will become Toronto's tallest condominium building. Despite a variety of safety precautions, this type of incident is not uncommon in the construction industry. Three days earlier, on Tuesday August 20, 2013, a 26-year-old construction worker in Las Vegas, Nevada also died in a fall from
a building under construction.
-Incidents that result in minor injuries do NOT need to be investigated.

---

Definitions:

Depreciation

The methodical allocation of the cost of a tangible asset over its useful life.

Interest Rate

The cost of borrowing money or the reward for saving, expressed as a percentage of the money borrowed or saved.

Gross Investment

The total amount invested in the purchase of new capital assets plus replacement of depreciated assets, reflecting the total expenditure on new capital in an economy.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to wear and tear or obsolescence.