Which of the Following Statements Is FALSE

question 177

Multiple Choice

Which of the following statements is FALSE?

• A) The returns to college education have been increasing over time.
• B) College graduates earn about twice that of high school graduates.
• C) There is almost no return to getting more education beyond a bachelor's degree.
• D) Grade school deficiencies may limit the number of people entering college, increasing the returns to education.

---

Definitions:

Impaired Asset

An asset that has a market value significantly below its carrying amount on the balance sheet, indicating that recoverable amount is less than its book value, necessitating a write-down.

Depreciation Expense

The monetary value reduction in an asset's cost over its useful life due to wear and tear, age, or obsolescence.

Book Value

The net value of an asset according to its balance sheet account balance, calculated as the original cost minus accumulated depreciation.

Impairment Loss

The amount by which the carrying amount of an asset or a cash-generating unit exceeds its recoverable amount.