All of the Following Statements Are True EXCEPT

question 5

Multiple Choice

All of the following statements are true EXCEPT:

• A) installing the cross with the zerk fitting backwards will make it difficult, if not impossible, to lube the U-joint after the driveshaft is installed on the vehicle.
• B) universal joint lubricant is NLGI #5, with an extreme pressure (EP) additive.
• C) sometimes, universal joint cups are held in place with plastic material that is injected into a hole in the yoke.
• D) usually galling will be found on a trunnion 180 degrees to brinelling.

---

Definitions:

Finite Useful Lives

refers to the expected period over which an asset is anticipated to be economically beneficial to an entity, after which it is likely to be considered obsolete or worn out.

AASB 138

An Australian Accounting Standard that outlines the accounting treatment for intangible assets not covered by another Standard.

Intangibles

Non-physical assets owned by a firm that can include patents, trademarks, copyrights, and goodwill.

Disclosed

Information that has been revealed or made known, often used in the context of financial statements and reports.