When It Comes to the History of Airports, Which Statement

question 13

Multiple Choice

When it comes to the history of airports, which statement is correct?

• A) The oldest continually operating airport began operations in 1930
• B) Commercial aviation did not really begin to grow as a means of travel for the general public until the jet age
• C) The jet age resulted in commercial travel that could go further with more passengers
• D) In the 1960s, the increase in jets led to more efficient and smaller airports
• E) Though mostly privately owned at first, due to increasing capital expenditure costs, private companies began to turn to government ownership of airports in the 1970s

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Definitions:

Accumulated Depreciation

Represents the total depreciation expenses charged against a fixed asset since it was put into use, reflecting its decrease in value over time.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value.

Gain of $2,000

Represents an increase in wealth or resources, typically accounted for in financial statements when an asset is sold for more than its cost.

Estimated Useful Life

The expected period during which an asset is predicted to be usable for the purpose it was acquired.