Which of the Following Statements Is Correct

question 245

Multiple Choice

Which of the following statements is correct?

• A) Since the 1940s,the number of American workers employed in the manufacturing sector has declined from 30 percent to 10 percent.
• B) Since 1910,the number of Americans working as farmers has increased from 3 percent to 33 percent.
• C) Since 1995,global industrial output has fallen by more than 30 percent.
• D) Productivity decreases are one reason for the declining number of manufacturing jobs.

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Definitions:

Accumulated Amortization

The total amount that has been amortized or written off for an intangible asset over its useful life up to a specific date.

Straight-line Method

A technique for distributing the expense of a physical asset uniformly throughout its lifespan.

Salvage Value

An asset's remaining worth estimated at the conclusion of its life of use.

Book Value

Book value is the net value of a company's assets found on its balance sheet, and it is calculated by subtracting liabilities from the total value of assets.