Lithospheric Plates Can Consist of Which of the Following Components

question 8

Multiple Choice

Lithospheric plates can consist of which of the following components?

• A)continental crust, oceanic crust, and ocean water
• B)continental crust, lithospheric mantle, and asthenospheric mantle
• C)continental crust, lithospheric mantle, and oceanic crust
• D)continental crust only, NOT oceanic crust

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Definitions:

Depreciable Asset

An asset that loses value over time due to wear and tear, obsolescence, or age, and for which depreciation can be applied.

Recoverable Amount

The higher of an asset’s fair value less costs of disposal and its value in use.

Cash-Generating Unit

The minimal identifiable collection of assets that produces cash flows mostly independent from those generated by other assets or collections of assets.

Impairment Loss

A decrease in the recoverable value of an asset below its carrying amount, prompting a write-down of the asset's value on the financial statements.