When Finding the Earliest Start (ES) Time for an Activity

question 34

True/False

When finding the earliest start (ES) time for an activity with two or more predecessor activities, the largest EF among the predecessor activities is used to calculate the ES for that activity.

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Definitions:

Casualty Loss

A loss resulting from a sudden, unexpected, or unusual event such as a natural disaster, theft, or accident.

Taxpayer

An individual or entity that is obligated to pay taxes to a federal, state, or local government based on income earned, property owned, or consumption.

Casualty Loss Deduction

A tax deduction that allows taxpayers to deduct losses caused by sudden, unexpected or unusual events such as natural disasters, fires, or thefts.

Fair Market Value

The price at which an asset would sell under normal market conditions between a willing buyer and seller, both having reasonable knowledge of the facts.