Functional Depreciation Occurs When a Fixed Asset Is No Longer

question 215

True/False

Functional depreciation occurs when a fixed asset is no longer able to provide services at the level for which it was intended.

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Definitions:

Catabolism

The aspect of metabolism in which complex substances are broken down to form simpler substances; catabolic reactions are particularly important in releasing chemical energy stored by the cell. Compare with anabolism.

Anabolism

The aspect of metabolism in which simpler substances are combined to form more complex substances, resulting in the storage of energy, the production of new cell materials, and growth. Compare with catabolism.

Parabronchi

The small, air-filled tubes in the lungs of birds through which air flows for highly efficient gas exchange.

Countercurrent Exchange

A mechanism occurring in nature and designed systems wherein two flowing bodies of water, air, or other substances move in opposite directions of each other to maximize the transfer rate of heat or matter.