Which of the Following Is a True Statement

question 41

Multiple Choice

Which of the following is a true statement?

• A)A treaty signed by the president and approved by the Senate has the legal force of a federal statute.
• B)A federal statute may supersede a prior treaty.
• C)Both (a) and (b).
• D)Neither (a) nor (b).

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Definitions:

Productive Life

is the period during which an asset remains functional and can produce goods or services that are useful for the entity owning it.

Physical Nature

The tangible attributes or qualities of an asset, product, or substance, often influencing its valuation, use, and management.

Purchase Date

The specific date on which an asset is acquired or a financial transaction is completed.

Useful Life

The estimated period over which an asset is expected to be utilized by an entity, affecting its depreciation or amortization rates.