Fires That Involve Ordinary Materials Such as Paper, Cardboard, and Wood

question 2

Multiple Choice

Fires that involve ordinary materials such as paper, cardboard, and wood are classified as Class __________ fires.

• A) A
• B) B
• C) C
• D) D

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Definitions:

Production Equipment

Tools or machinery used in the manufacturing process to create products.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Equipment

Physical assets used in the operation of a business to produce goods or services.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.