Which of the Following Is a True Statement

question 65

Multiple Choice

Which of the following is a true statement?

• A) Primary energy resources of the early 21st century are fossil fuels including coal, petroleum, and natural gas
• B) Mineral resources are formed from the decayed remains of prehistoric plants and animals
• C) Ores resources are formed from the decayed remains of prehistoric plants and animals
• D) Salt, building stone, sand and gravel are considered to be metallic mineral resources

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Definitions:

Depreciable Asset

A Depreciable Asset is a tangible asset subject to depreciation, which allows for the allocation of its cost over its useful life.

Capital Expenditure

Money spent by a business to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues, indicating the company's financial health over a specific period.

Preparation Costs

Expenses incurred in getting assets or products ready for use or sale.