A Bridge Piling Has a Cross-Sectional Area Of $1.250 \mathrm {~m} ^ { 2 }$

question 23

Multiple Choice

A bridge piling has a cross-sectional area of $1.250 \mathrm {~m} ^ { 2 }$ and supports a load of 1875 N. What is the stress on the column?

• A) 1875 N
• B) \(2344 \mathrm {~N} / \mathrm { m } ^ { 2 }\)
• C) \(1500 \mathrm {~N} / \mathrm { m } ^ { 2 }\)
• D) \(1875 \mathrm {~N} / \mathrm { m } ^ { 2 }\)

Identify key legal principles from landmark cases related to contract law.

Understand the process and requirements for the assignment and delegation of contractual rights and duties.

Interpret the effects of ambiguous contract language on rights and duties.

Analyze the validity and enforceability of assignments in the presence of anti-assignment clauses.

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Definitions:

Recoverable Amount

The higher value between an asset's fair market value less costs to sell and its value in use.

AASB 136

The Australian Accounting Standards Board standard that deals with impairment of assets, requiring assets to be carried at no more than their recoverable amount.

Value In Use

The present value of the future cash flows expected to be derived from an asset, used in impairment testing.

Present Value

The present value of an amount of money or series of cash flows expected in the future, calculated using a particular interest rate.