The Necessary Improvements in Which Three Areas Are Regarded as Essential

question 61

Multiple Choice

The necessary improvements in which three areas are regarded as essential elements in the Age of Exploration?

• A)Navigation, ship style, and capitalism.
• B)Religious ferver, industrialism, and staple crops.
• C)Three field crop rotation, navigational abilities, and cartography.
• D)Navigation, shipbuilding, and weaponry.
• E)Banking, joint stock companies, and navigation.

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Definitions:

Residual Value

The anticipated worth of an asset upon reaching the conclusion of its serviceable period.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Straight-Line Depreciation

An approach to spreading out the expense of a tangible asset uniformly over the asset's operational life on a yearly basis.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a particular time, listing assets, liabilities, and shareholders' equity.