What Is Characteristic of Both Oil Shale and Tar Sand

question 24

Multiple Choice

What is characteristic of both oil shale and tar sand?

• A)They are usable only for aviation fuel.
• B)They contain large supplies of heavy oils.
• C)They constitute a small but cheap supply of crude oil.
• D)They are principal sources of conventional crude oil.

---

Definitions:

Straight-Line Method

A method of calculating depreciation of an asset evenly across its useful life, where the same amount is expensed each year.

Accumulated Depreciation

The cumulative total of depreciation charges applied to a fixed asset from the time of its acquisition.

Machinery

Machines or automated systems used in the manufacturing process or to carry out various tasks. Machinery is considered a long-term, fixed asset in accounting.

Straight-Line Method

A depreciation method that allocates the cost of an asset evenly over its useful life.