The Observation That Additions to Fixed Assets Are Lumpier Than

question 101

Multiple Choice

The observation that additions to fixed assets are lumpier than additions to current assets indicates that:

• A) fixed assets depreciate over time.
• B) fixed assets can be acquired only through external funding.
• C) current assets can be acquired in smaller increments.
• D) dollar for dollar, fixed assets are more expensive than current assets.

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Definitions:

Photograph

An image created by capturing light on a light-sensitive surface, traditionally through a chemical process on film, but now also commonly through digital sensors.

Louis Daguerre

A French artist and photographer recognized for his invention of the daguerreotype, one of the earliest photographic processes.

Joseph Niepce

Joseph Niepce was a French inventor who is credited with taking the world's first photograph in 1826 or 1827, pioneering a key moment in the history of photography.

Camera

A device used to capture images or video, either as still photographs or as moving images in the form of a video.