Why Was the Svalbard Global Seed Vault, or "Doomsday Vault

question 40

Multiple Choice

Why was the Svalbard Global Seed Vault, or "Doomsday Vault," constructed?

• A) To provide a central bank for "seed capital," or money, for green development in the event of catastrophic environmental changes
• B) To store seeds in case of catastrophic environmental changes
• C) To protect the world's food seeds from nuclear Armageddon or terrorist attacks
• D) The real reason is unknown to the public; this adds to the mystery of the facility

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, which can be recovered through disposal or sale.

Straight-Line Method

A depreciation technique that allocates an equal amount of depreciation to each year of the asset's useful life, resulting in consistent annual charges.

Double Declining Balance Method

An accelerated depreciation method that doubles the straight-line depreciation rate, allowing for more depreciation in the early years of an asset's life.

Activity Method

An approach to calculating depreciation for an asset based on its actual usage, wear and tear, rather than an arbitrary time frame.