Exhibit 2-3 The Number of Sick Days Taken (Per Month) by 200

question 37

Multiple Choice

Exhibit 2-3
The number of sick days taken (per month) by 200 factory workers is summarized below.
-Refer to Exhibit 2-3. The midpoint of the first class is

• A)10
• B)2
• C)2.5

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Definitions:

Plant Asset

Plant asset is a long-term physical asset used in the production process of a company, such as machinery, buildings, and equipment.

Revenue Expenditures

Expenses that are directly matched with revenues for a specific period, typically affecting the income statement immediately.

Units-of-production

A depreciation method that allocates the cost of an asset over its useful life based on the amount of production the asset is capable of.

Depreciation Expense

Assigning the price of a tangible asset across its operational life.