Which of the Following Technological Advances Have Had a Profound

question 7

Multiple Choice

Which of the following technological advances have had a profound effect on cooking?

• A)development of clay vessels
• B)development of reliable refrigerators
• C)rapid transportation techniques
• D)all of the above

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, determining how much the asset can be sold for after it is no longer useful for its intended purpose.

Annual Depreciation

The amount of an asset’s cost allocated each year over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Useful Life

The estimated duration of time over which an asset is expected to be functional and contribute to a company's operations.

Revenue Expenditures

Short-term expenses incurred during normal business operations that are charged against revenue in the period they are incurred.