Which of the Following Statements About the Expiration Dates of Medications

question 39

Multiple Choice

Which of the following statements about the expiration dates of medications is TRUE?

• A)Medications should be disposed of on or before their expiration date.
• B)Expiration dates should be ignored;they are used by the manufacturer to increase sales.
• C)A study by the FDA found that 90 percent of all medications are potent several years after their stated expiration date.
• D)Medications don't ever lose their potency as long as they are sealed tight and stored in a cool,dry place.

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Definitions:

Expensed

Costs that are charged against income in the period they are incurred, rather than being capitalized and amortized over time.

Finite Life

Finite life refers to the fixed period during which an asset is expected to be useful before it becomes obsolete or its value is fully depreciated.

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.

Amortization Expense

Amortization expense is the gradual charging to expense of the cost of an intangible asset over its useful life.