Describe the Law of Superposition and How It Relates to the Concept

question 17

Essay

Describe the law of superposition and how it relates to the concept of relative chronology. Give an example of relative chronology used in archaeology.

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Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life; it is used in calculating depreciation expense.

Depreciation

The orderly apportionment of a physical asset's cost throughout its useful life.

Useful Life

The estimated period an asset is expected to be used before it is deemed no longer useful for operations.

Units-Of-Activity

A depreciation method that allocates cost based on the actual usage, work performed, or units produced by an asset.