Though Occupying Only 7% of the Worldʹs Total Land Area,tropical

question 92

True/False

Though occupying only 7% of the worldʹs total land area,tropical rain forests account for approximately 50% of Earthʹs species and about half of its remaining forests.

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Definitions:

Useful Life

The period of time over which an asset is expected to be usable by an organization, affecting its depreciation or amortization schedules.

Depreciation Expense

The allocated portion of the cost of an asset, spread out over its useful life, representing wear and tear, obsolescence, or a decline in value.

Store Equipment

Fixed assets such as furniture and machinery used in a store for its operation and not for resale.

Depreciation

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life, reflecting the reduction of value over time.