Which of the Following Best Describes the Function of the Cork

question 86

Multiple Choice

Which of the following best describes the function of the cork cambium?

• A) It lays down a protective cork covering over exposed phloem tissue.
• B) It inhibits the sloughing off of epidermal tissue.
• C) It allows for diameter shrinking in stems and roots.
• D) It supplies the secondary xylem.
• E) All of the above

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Definitions:

Net Realisable Value

is the estimated selling price of goods in the ordinary course of business minus the estimated costs of completion and the necessary selling expenses, used in inventory valuation and impairment tests.

Depreciation

A method of allocating the cost of a tangible or physical asset over its useful life, recognizing the asset's wear and tear over time.

Asset's Value

The worth of an asset, which can be determined by factors such as market value, book value, or utility.

Useful Life

is the estimated duration of time an asset is expected to remain productive for the entity, used in calculating depreciation and amortization.